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New Mexico | "conjecture" in 2 weeks is supposed answers.
I'm bullish, but see that as only conservatively relative to the current whole supposed equations of things.
Bear side I see to corn has little to do with supply.
Heck in the current enviro, 11 billion bu might be to much darn corn relative to Real demand.
Sure there's a govt floor for say 4 billion E bu.
Sure chickies will use some.
Keep in mind hogs have adjusted their deal thus use less than before ( and less hogs than in the past too ).
Cattle...adjusted enough they can virtually run without the stuff in MOST areas, Most operations too.
Alot Less cattle annually now.
And of course exports for corn.
Simpleton here suggests that the afore indicates approx 20 to 30% LESS internal corn demand than in past years.
Seems like from a food value/price stand, beans, wheat and rice win most days on exports.
This is a product that has thus become basically a " 5th wheel " type product for many sectors that Used to be reliable customers.
Times perhaps have changed. That simple.
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crop conditions report
