2-26-17
US. Ag. Forum
Beans acreage 88 mil. 48 bu. yield 4.190 bil. crop ending stocks 420
Corn 90 mi acres 170.7 yield 14.07 bil. crop ending stocks 2.215
IMHO were short about 3 million acres. Did they think those could go into
PP?
The way the weather is/early spring and farmers love to plant corn.
Crop ins. numbers are corn 396.25 and soybeans 1019.25 with 2 trading days in Feb.
Last weekend corn/bean ratio was 2.58
This weekend 2.57
Do corn and beans after trading at the lower ranges for the month, turn up going into
the March planting intentions?
Feb low's
CH 358 CK 365.25 CN 372 CZ 385.75
CH support 362-359.25 (100 day ma)
CK support 366.25 (100 day ma)
CN support 376.25 (200 day ma) and 373.25 (100 day ma)
CZ support 389.75 (50 day ma ) and 387.50 (100 day ma ) 387.25 (200 day ma )
This week feels like we do or die. IMHO look for support and a dead cat bounce.
Weather this week above normal temps below normal precp.
Drought monitor map could make things interesting.
