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TFC Commodity Trading Forum

Re: CZ12 Corn --- it will take off

I see only 80-90 bpa and that may be on the high end. I have traveled throughout the midwest to include Indiana and Ohio. The USDA will not admit it now, but we in Illinois are in more severe conditions than 1988. There will not be more than 80 million acres of corn harvested at 80 bpa puts the total US crop at approximately 6.7 to 7.2 billion bushels. About half of the USDA estimate. Most farmers will not get any crop at all. The crisis is much worse than is being reported. 0 carry over, and 0 to export. The livestock market is very important as well due to the lack of pasture, feed corn, hay, and quality corn siliage. Livestock Feed is beyond crisis level and will be felt by the American public by xmas as that will be when all the culls will be through the slaughter process and the real beef market resumes. Weather market, fundamentals, and plain old lack of supply will drive price up up and away unless the government intervenes and puts the kaibash on exports.