Thursday, November 14. Markets are in the late harvest dodrums with little news to move them either direction. China continues to make fall soybean purchases but they pale in comparison to what they bought a few years ago. Informa came out yesterday with their way too early planting predictions of 94.5 million corn and 86.5 million beans. That is 4.5 million more acres of corn than this year and 10 million more of beans. With trendline yields we will be swimming in oversupply. The demand situation is not changing with continued lackluster corn exports and usage for ethanol below previous years. Look for opportunities to market this crop on rallies and basis gains.
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"If a woman has to choose between catching a fly ball and saving an infant's life, she will choose to save the infant's life without even considering if there are men on base."