Poor Marketing Fatal Mistake

[malleefarmer]

Its really always about corn first beans second and wheat tags along for the ride.

Occasionally trades on its own merit aka end of june early july, thought would trade sideways to a degree with all problems in the world.

Corn is king.

Farmers nightmare low yielding crops and low prices, lock the bins lock the bins with all due respect to those who use that theory and its great if you can reality is people market on spikes in poor markets.

Local basis strength can only help so much.

Market probably oversold just at moment that my head thinking not my heart or guts.

Malleefarmer out

[Braveheart]

Spikes are always a selling opportunity. Maybe not sell every spike, but they shouldn't be ignored. People that can lock their bins must have a lot more money than me.

Yes corn is king, but, extreme desert like conditions were just forecast for the Midwest for August. Long live the king, but he might be dead soon.

[errolanderson]

Crude oil is king of global commodity markets and corn is definitely king of grain markets . . .

USDA average corn yield estimate above 170 bu per acre is too high (IMO). This may have to be trimmed 5 bu/acre over the next few weeks. But there is certainly no shortage of corn in the world.

Try to take advantage of those rallies when they occur. Rallies do not have a long shelf life given the deflationary pressures on global commodity prices.