AgWeb forum members have shared their crop marketing ideas for years. The past two years are covered in the thread [URL="http://discussions.agweb.com/showthread.php?8643-Marketing-Old-Crop-and-New-Crop"]Marketing Old Crop and New Crop[/URL] which is about 900 pages long.
At the beginning of the year (today) US May corn is trading at 654'6, May beans stand at 1217'4 and May Wheat at 686'2.
Here's hoping we all enjoy big yields and good profits in 2012.
Ha Ha Ken it could be worse,,,,,,,,,, I could be a Pollock !!!!!!!!!!! I came home and did a double take,like where did all the pages go on the old thread !!!!! But good idea Bins, new year,new thread... I sure hope Greg feeds old 48 sitting in the corner LOL
Well boy's it looks like Brazil did get some rain but it fizzled out in Argentina .
One report I got was that there was 20 % was yet to plant ------ because it was to dry . SO the big question will be will that 20 get planted ????? Let's just say it don't for fun , IfI remeber right they origanially put Argentina at 54 MMT minus the 20 % that woul be something like 43.8 MMT .
Then they had Brazil at 76 MMT Max ! and now at 70 to 72 MMT .
A good rain could do alot of good down there in the next 2-3 weeks but the forcast I read said it looks like another 2 weeks of dry for now , then if at the end of two weeks , still little or no rain , boys it could get very , very interesting .
Besides weather, markets will be keeping an eye on the potential for oil supply disruptions in the Straight of Hormuz by Iran. Today [URL="http://www.cnbc.com/id/45845663"]Iran test fired a sea-to shore long range missle [/URL]in the gulf showing their capability. The test was accomplished during their scheduled naval war games. Markets should view this as a little prickly when they open tonight and expect to see oil run past $100 quickly. Will the grains follow? Probably.