📣Public service announcement:
I have strong opinions and I am decisive.
I risk being wrong to be right.
Contrary to what you may have heard, I don't mind people disagreeing with me. I just ask that they be respectful and professional. I block those who are not!
This is just west of Roanoke. This field has had .55 of an inch in the last 5 weeks in 4 small shots. It is how a typical field looks in our area.
#corn
#oatt
Those crop conditions were BULLISH but this forecast if realized is BEARISH. Tug of war continues. Choose sides because a big move is about to take place one way or the other.
#oatt
#corn
#soybeans
Young plants have small root systems transitioning from the radical root to nodal roots. During this time the plant is under mild stress and needs moisture. People who say we have no weather risk are not trained in plant physiology. The forecast is negative in the upper US.
Lots of chatter about
#corn
dying early and it doesn’t matter 🤷♂️🤷♂️. Do you see any difference between these two ears. Still living left - dead right. Not a big deal, right? Well that there is 25-35 bushel difference.
#oatt
9 stops in west central Iowa. Average
#corn
yield 159 bu/acre. Last year along this exact same route over 9 stops it was 188, and it was 200 in 2021. Honestly pretty surprised. High of 192 and low of 127, and first pic is NOT the 192...
#pftour23
Yields in OH, IN and IL have been even to 40% below LY on C and 10-50% below on S. The first 15 yields received out of NE are running 5-15% below LY on C and 10-15% below LY on S. This is supposed to be the garden spot. It is early but these yields are shockingly low.
As more people get in the fields,
#corn
yields could be closer to 170 than 175. A yield of 170 - 172.5 seems reasonable at this point / a couple random samples from Northern IL shows the same - great from the road and less than great when you pick 4 ears!
#oatt
#harvest23
@agronomistryan1
@HMRamsey11
@BenRand10
@Frye_WSS
Seeing disappointingly average stuff in central nebraska as well. Hall, Howard, Sherman. Tip back and pollinating issues will shock some farmers who aren’t paying attention here. Looks great from the road.
Commodities go up and they go down, people make money and lose money but what matters in the end is where you will spend eternity! My path or God’s path have very different consequences! We all need to choose!
After 2 yrs. of high farm income we will see margin compression. I was the most OUTSPOKEN BULL on Twitter ‘20-‘22 but now I am the biggest bear! Don’t be complacent thinking prices will stay here. Plan for tight margins. Think of it as digging a well before you are thirsty!
#oatt
Yield reports are increasing and the story is similar almost everywhere. Over 150 new reports this week from KS, NE, MN, IA, IL, IN OH, KY and MO.
#corn
yields are from slightly better than LY to 40% less but a good average is 15-20% below
LY.
#soybeans
are worse.
Agree - many people comparing this situation to US crop where there was much stress but we ended up with great crops.
If you haven’t been to Brazil and walked crops you don’t understand the soil differences. In addition the heat has been oppressive!
Overnight the Euro
The more I see the more I feel like something is really wrong. These type of ears are in about every state. In good years you have to look and look to find some of these bad ears.
#oatt
#corn
@ArlanFF101
@snodgrss
@Met_khinz
#Corn
has started the final move higher of big wave 3. I am looking up to 6.21 and maybe as high as 6.69 1/2 on this leg. After which I would expect a 3-5 week break!
#oatt
#Elliottwave
It roughly takes 600K gallon of H2O/A for 200 bu. corn = 22" of water. Water holding capacity of a silt, silty loam or silty clay loam is 10" if rooting depth is at 50" (80% of total root mass). If soil was 100% full, an additional 12" of H2O would be needed.
#oatt
#corn
#AGwx
The lower yields will continue! You cannot have this for a finish and think record yields on
#soybeans
👇👇👇 and you aren’t even in the worst spot on this map!
5 things to remember when battling big challenges in life!
1) Pray!
2) Remember past victories in the Lord!
3) List God’s promises!
4) Spiral up vs. spiral down!
5) Go to battle - trust and act as God directs!
I hope everyone has a blessed week! 🙏🏻🙏🏻🙏🏻
Waters off the west coast of the US continue to cool. Waters off east coast of Africa are warming and off the west coast of Australia are starting to cool. Triple YIKES! A HUGE signal that 2021 could be a difficult year to grow above 170 on
#corn
and 49 on
#soybeans
.
#oatt
There is 40-45% of all production in US receiving less than 5-9 inches in the last 5 months when normal would be 14-18 across this same area, around 1/2 of what they would see normally.
#USDA
179.5/50.8. 🤣🤣🤣
My opening calls for tonight are;
#Corn
3-5 higher
#Soybeans
6-8 higher
#Wheat
7-10 higher
I am calling markets higher on follow through technical buying,
Russia considering higher taxes for W, June 1st forward,
#Brazil
slow harvest, and dry WX coming for
#Argentina
!
#oatt
No bumper crop this year! Expect more decline in subsequent
#USDA
reports!
Some of the yield models people use need an overhaul! 180-185 right before the report! Haha!
#oatt
#drought21
#plant21
#Agwx
August 2020 - USDA report,
#corn
yield 181.8 / ending stocks 2.75B. Final 172 and currently at 1.082B for ending stocks.
#Soybean
yield 53.3 /ending stocks 610M. Final yield 50.2 and currently ending stocks 135M. I hope they do better this August!
#oatt
#USDA
#CBOT
#plant21
The top is off this crop - final yields have a 50/50 shot IMO of being sub 170 and 48. Big yield losses are mounting. East is falling with dryness and disease. East will not make up for West, not even close! Seasonal lows are forming.
#oatt
#drought21
#corn
#soybeans
#plant21
Not much rain for the next week. The map shows the total precipitation for the last 72 hours. Black line is the major corn production in US. The red line is the areas receiving 17-25mm or .7-1.0”. All other areas had 0-17mm or 0-.7”.
#oatt
#AGwx
#plant21
#corn
#soybeans
#wheat
#Soybeans
to the moon! Big names think 50+, no understanding at all about agronomy! USDA has a chance to change their view and most people wait for direction! Get long now!
#iamnotbearish
👇👇 in calls! 🤣🤣🤣🤣🤣🤣🤣🤣
#Meal
has people caught short and continues to defy those picking tops!
#Soybeanoil
is turning for higher and the weather will further support
#soybeans
. Meal up $106 in 26 sessions 🤣🤣! Beans up $1.25 in 25 sessions with 165 MMT crop forecast by USDA and CONAB 🤦♂️🤦♂️!! Every
Overnight the models show very little relief for SA. Up North the warm and drier than normal trend will continue and the South will stay soaked. The GFS has been verifying better than the Euro over the past 2 months.
#AGwx
#Brazil
#Argentina
#Paraguay
#corn
#soybeans
#oatt
The losses will be huge in the northern plains and upper MW when this is all realized. USDA punted yesterday and they will not be able to do so in Nov. Nov of 1993 they dropped yield 7 bushels, this year could be more like 10.
USDA on Monday- Only 22% of North Dakota corn is mature.
North Dakota- HAHA Let it snow 30+ inches and reach below freezing temps across the entire state!
USDA on Thursday- We are going raise the North Dakota corn yield projection by 1 BPA
Farmers:
I don’t have a strong opinion on market open but I don’t think we had enough rain over the weekend. The next 7 days doesn’t look very heavy either for some of the dry areas.
#corn
#soybeans
#oatt
#AGwx
I don’t know but I was thinking about this for opening calls…
Wheat - mixed, -75 / + 75
Corn - mixed, -35 / +35
Beans - mixed, -90 / +90
What do you guys think? AgTwitter help me out!
We need to be sure before dying. If you died today, what would you say to God when He asks you why He should let you into Heaven?? I am a good person, doing more right than wrong. I never killed anyone. I gave money to the church and fed the poor. All good but....is it enough?
#Corn
field 1/2 mile from my home outside Washington, IL. It received 1/2” of rain overnight, picture taken at 11:45 AM, temperature was 80 degrees. No-Till field. We need more rain!
#oatt
#plant21
#AGwx
Wow - this will finish off the crop if this happens. 32 normally isn’t cold enough but with the wind, it will remove the heat out of the canopy allowing 32 to be cold enough. 500+ million of corn to be lost.
Tomorrow is here and it is a big day and it feels different! I can hear the bull snorting and pawing. Energy prices🚀🚀🚀! Crop finishing like 💩💩! Winter is coming, bears are headed for a good resting place. I am looking up to 575 - 625 and 1500-1600! End users will begin
Whether you are long or short, bullish or bearish, or have been wrong or right, this is a worthy saying!
“It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so!”
Mark Twain
There will be a day to sell but where is the sell signal on this March
#soybean
chart? We are running higher and people are telling you to sell. At least wait for a reversal pattern or one down day!
#oatt
More yields have come in and C is averaging 13% less and S are 17% less than LY. After reviewing historical data, weekly progress reports and current yields my guess is 163.8 C / 45.2 S for next Thursday. While this isn’t a final yield it is a reasonable decline given the data.
Ohio has a good crop and 1/2 of IN - IL and points west forget it! Read 👇👇👇small kernels and poor TW for
#corn
will be the theme all fall.
#Soybeans
are even worse. I think my handle was way to optimistic so I have changed it to 165/46.
#oatt
What’s the possibility the popular “there’s no grain demand” narrative gets exposed as “we really wanted your grain, but we were waiting for your 2.2 bil corn carryout to manifest so we could buy it cheap?”
100º F, 20 mph wind, -17” rain for the year, 3 week short grain fill
Showers are over parts of
#Brazil
and
#Paraguay
this morning. You can see that Mato Grosso and Goias has some scattered showers but much less than the Euro has been promising. Time is ticking and if meanignful rain fails to materialize by Saturday it will be a huge miss for the
China is facing food shortages and does not want the world to know about it. A few major weather problems over the next 18 months in key production areas of the world and we have scary times ahead. Watch what China does not what they say!
#oatt
#China
#plant21
#drought21
#AGwx
2020 is tracking very similarly to 2011 both in the US and in SA.
We all can remember what happened in 2012. Check out how much drier we are now than the same time in 2011.
#drought
#oatt
It is Sunday! A discussion about Jesus should never be an argument but an invitation. All are invited but very few accept! I pray for all of our eyes to be opened.
“For God so loved the world, that he gave his only Son, that whoever believes in him should not perish but
If there is a reason that March
#soybeans
jump above 1438 - 1442 this week and you are tempted to sell, sell and sell. I would take a hammer and break your phone as well as your fingers you use to dial. That will be less painful!
The gap up trade tonight would be classified as a break away gap. An immediate reversal would negate it but further strength would confirm that the corrective wave is over and we will head higher. First
#soybean
target at 1571 1/2 and
#corn
at 613 3/4!
#AGwx
#drought21
#plant21
Some
#corn
beginning to pollinate in MN. Early field already seeing zippering on how it pollinated. Portion of cob closest to stalk not pollinating. Hearing farmers are pulling the plug for fungicide. That means less yield for MN crop. Heat returns in 8 days!
#oatt
#plant21
#AGwx
It is always good to remember that our strength comes from the Lord and he gives grace to the humble!
“Pride goes before destruction, a haughty spirit before a fall.”
Proverbs 16:18 NIV
“Humble yourselves before the Lord, and he will lift you up.”
James 4:10 NIV
Blessings!
Opening calls are moving up this morning. Weather in week 1 is not good for Brazil and week 2 is looking even worse with hotter and drier conditions being forecast!
#oatt
#Brazil
#AGwx
#corn
BULL markets - buy dips. This break is very allowable but people have some F.E.A.R. (False Evidence Appearing Real). Hard to buy now! Smart money seizes the opportunity. Don’t wait until we are at the highs again to add! All of this is just my opinion!! Not a trade rec!
#oatt
The sell off in March
#soybeans
was a large enough to call an end to red wave 3. It appears that we will have a zigzag correction down to 1525-1550 area before the next buying opportunity will occur.
The next 14 days from the Euro model look dry and warmer for Safrinha
#corn
. If this is a pattern change and the monsoon is actually closing out early, it will reduce yields drastically, which will keep the US export program on fire!
#Brazil
#oatt
#AGwx
The new 6-10 and 8-14 didn’t offer much change for the 2023 crop. The yield loss associated with the last month of finishing will end up being more than the trade thinks. Seed size and TW will send yields lower.
#corn
#soybeans
#oatt
#iamnotbearish
Finishing fill weather will be dry, dry, and dry while being slightly above to much above on temp! Maps compliments of
@bamwxcom
for week 1 and 2.
#oatt
#corn
#soybeans
The market has seen a large rally because of rains being delayed into MN, IA, and IL. El Nino is here but we are not seeing the results because of a ridge over the Hudson Bay along with the - AAM. Overnight we have seen some positive changes. I would expect the market to be
Northern
#Rond
ônia, in the Amazon region, has never experienced this situation,
#soybeans
ready to harvest with a yield of 8 bags per hectare, 80% less production compared to last year, but Mato Grosso is much worse.
Man, I hope those that wanted a rally to sell are selling something on this rally. Great opportunity with probabilities growing for weather pattern change. Demand isn’t good and will get worse with Brazil starting to harvest. Scary times to sell but it is a nice rally.
#oatt
3 things pressing on
#CBOT
. 1) Potential moisture. 2) Biden rhetoric on lowering the RFS. 3) FED speeding up the tightening by end of ‘22 instead of ‘23. The Biden rhetoric doesn’t seem real. The FED announcement will lose traction quickly and it better rain!
#oatt
#AGwx
Crop in MN and IA to shrink more over next 10 days. Reports are flooding in of
#soybeans
melting down in fields. Pod abortion, leaves dropping, and plants completely dying on lighter soils.
#oatt
#drought21
#AGwx
Is this a shock to anyone? Massive sell off from Biden administration talking down RFS and RIN values, coupled with FED comments, then China saying yesterday they got commodity prices under control. Right! Slight of hand gets people every time!
#oatt
#China
Reuters reporting that
#China
has bought at least eight cargoes of U.S.
#soybeans
on Friday for shipment from Pacific Northwest ports mostly in October. That's at least 480,000 tonnes (17.6 mbu).
As of June 10, China had booked 3.05 mmt of new-crop U.S. beans, unknown 2.8 mmt.
#Wheat
and
#corn
planting are way behind in ND and it is June 1st. Soaked from weekend rains there will be more PP than I thought a couple weeks ago.
#notenoughtime
#oatt
@randywedo57
Maybe and maybe not, hard to hurt corn in this stage and this stress is good for beans. Yield is one component and demand is the other. A yield of > 175 we continue lower to 425-450. A yield of 180 will produce 375-400. We just had the weather rally in my opinion - sell!
For weather use a weather service. For crop updates ask an agronomist. For markets ask a market expert. When people crossover without knowledge of the other areas it can be misleading. A good reminder to all of us including me. All the Best, happy trading.
#oatt
#AGwx
#plant21