Corn

[malleefarmer]

See corn around $3.30

Know little about corn.

Often see 170 bpa quoted can American farmers make it at that and presuming if they can’t subsidies of some sort kick in.

Ethanol demand usage won’t un away in a north direction anytime soon. Complexed whilst oil is in it bottom range as well

So low corn prices loom over market does it affect all markets corn is king was the saying.

Con will be one that responds once covid19 lessens an other grain will follow perhaps?

[ajl]

Corn was the leader of the market complex, now the laggard mainly due to the ethanol slowdown which was because of both covid and the oil war. Corn yield can vary from 120 to close to 300 bu per acre depending on which part of the production area you are. US farmer can insure up to 85% of proven yield history on a revenue basis. Prevent plant come in if fields are not fit to plant by the crop insurance date. Then a grower takes a lesser payment but summer fallows the land. Unsold inventory of corn will continue to grow and become cheap enough to start to move into the southern AB feedlot market. So unless the growing season is less favorable, we will drown in surplus corn in NA. I am hopeful that there will be some prevent plant in a few areas. If not. look out below.

[malleefarmer]

Surplus corn but do nothing but drag market lower what % of corn used for what meaning feed domestic and export, ethanol some human consumption not much I’m guessing.

Cattle crunch happened happening or yet to come? With packers closing etc is context of question