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NW Indiana | I’m still a believer feed was higher in q2 then what was shown. So I think that demand has already happened. I said a month ago demand was 300 low and we have gotten increases on half of that with the rest needing to come from feed.
Let’s be fair to plug a 177 yield is realistic to start, that alone drops carry out to 1.8 let alone if we get a further increase in old crop demand and it gets really wild with just a small cut in acres. If this weather continues the market is going to have to pay to get that last 1-2 million planted in my opinion | |
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USDA not super bullish but price action confirms higher prices - Market comments
