Pro Farmer US Crop Tour Estimates

[charliep]

[URL="http://www.agweb.com/article/pro_farmer_2011_corn_soybean_crop_estimates/"]Profarmer US[/URL]

[charliep]

No idea whether ProFarmer US numbers will prove accurate. Just note that 12.5 bln bu and 148 bu/acre are well under USDA (august 11) 12.9 bln bu and 153 bu/acre. Takes a tight US corn S & D to whole new levels.

Will note todays close and the December CBT corn futures chart.

[URL="http://farms.com/FarmsPages/Markets/tabid/214/Default.aspx?page=chart&sym=ZCU11"]dec corn futures[/URL]

Perhaps a highlight there is more going on than just the CWB debate. For those who are lucky enough to have crop (hopefully Mother Nature makes it high quality), I think farmers can look forward to this years crop with some enthusiasm.

[charliep]

I know I am beating up on this thing but corn is now at carry old crop versus new.

November soybeans blew through $14/bu today as well.

[URL="http://farms.com/FarmsPages/Markets/tabid/214/Default.aspx?page=chart&sym=ZSX11"]nov soybeans[/URL]

Beanoil more subdued.

<a href="http://farms.com/FarmsPages/Markets/tabid/214/Default.aspx?page=chart&sym=ZLV11">Dec beanoil</a>

[burnt]

http://www.cattlenetwork.com/cattle-news/latest/As-crop-prospects-shrink-some-Chicago-traders-betting-on-12-corn-128482843.html

Maybe got in a hurry today when I sold new-crop corn?

[FarmRanger]

Bullish.

Broker suggested a hedge yesterday because
beans were at the top of the channel. Glad I
ignored him.