Re: Trade ideas...lets see what we can come up with
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I focus on only a few select commodities in my trading.......orange juice, sugar, corn, soybeans, heating oil being the frontrunners.
It appears to this observer that this years corn crop is not going to produce the bushels that many are expecting due to the increased planted acres.
Test weight is a big factor in yield, and if corn runs out of moisture before blacklayer, test weights and grain quality goes down. Test weights can hurt final yield quite a bit. Last year we got good rains starting at the end of July and through the month of August. Test weight and rain quality on corn was quite good, and corn yields surprised everyone to up side of expectations. This year corn is running low on moisture, temperatures are higher, and rain appears not to be coming. Again, I think most yields will be lower than the SWAG's people take counting kernals.
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to what degree is this priced into (or not priced into) corn futures?
Barron
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