Jason Britt Profile Banner
Jason Britt Profile
Jason Britt

@jasonlbritt

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19,202
Following
12,861
Media
249
Statuses
23,971

President of Central States Commodities, Inc. Full sevice brokerage for futures and options trading.Has appeared on Bloomberg TV, Barron's and WSJ on Ag markets

Kansas City, Missouri
Joined April 2009
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@jasonlbritt
Jason Britt
5 years
THE RISK OF LOSS IN TRADING FUTURES AND/OR OPTIONS IS SUBSTANTIAL AND EACH INVESTOR AND/OR TRADER MUST CONSIDER WHETHER THIS IS A SUITABLE INVESTMENT. PAST PERFORMANCE, WHETHER ACTUAL OR INDICATED BY SIMULATED HISTORICAL TESTS OF STRATEGIES IS NOT INDICATIVE OF FUTURE RESULTS.
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@jasonlbritt
Jason Britt
6 years
USDA estimated China's corn supply 3 years ago at 186 days. Now down to 85 days. World supply is estimated at 52 days and 2 years ago it was above 80. If you excluded China and the US, the world only has 38 days of corn supply on had.
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@jasonlbritt
Jason Britt
3 years
There is always that one guy that has to out do everyone and bring his plane to #partycove Lake of the Ozarks. Having fun and n a Saturday.
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@jasonlbritt
Jason Britt
4 years
Asking for some prayers and positive vibes for my mom as she undergoes heart valve replacement surgery tomorrow. I Love her dearly and she is the rock of our family.I believe strongly in the power of prayer.Her name is Rosemary. I will be off her for a couple of days. Thank You
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@jasonlbritt
Jason Britt
3 years
This speech by Biden is just showing how scared they still are of Trump. It's kind of pathetic. I don't think Trump is the answer, but not sure anyone could have done any worse than Biden has done this past year.
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@jasonlbritt
Jason Britt
5 years
16 million acres of soybeans have yet to even set pods as of August 25th.
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@jasonlbritt
Jason Britt
4 years
These sports figures/teams boycotting and refusing to play makes me chuckle. Covid 19 has taught us that we can survive without watching sports.However, farmers deciding not to farm would be way more life changing. Sports teams/athletes way over estimating their importance
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@jasonlbritt
Jason Britt
4 years
Update on my Mom:They were able to repair the valve VS replacing it and no pace maker at this time.She has already called my Dad this morning (no visitors) and is sore, but feels good.Please keep the prayers coming and thank you to everyone that has reached out.Much appreciated!
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@jasonlbritt
Jason Britt
4 years
Asked for prayers and good vibes last week for my Mom and wanted to give a update. She was able to come home last night and is doing very well. Wanted to say Thank you to everyone for the prayers and words of encouragement. Please keep them coming as she recovers at home.
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@jasonlbritt
Jason Britt
3 years
Longer this Russian/Ukraine war last the more bullish it becomes for #corn #soybeans and especially #wheat . Port problems and we won’t even talk about harvesting/planting disruptions that could ensue.
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@jasonlbritt
Jason Britt
1 year
Harvest video from Nebraska. Uggh!
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@jasonlbritt
Jason Britt
6 years
Operating profits for ADM's oilseeds business more than tripled to $349 million in 3rd quarter. Hmmmm, what a great strategy. Tell farmers it sucks and its all China and we have their worse basis ever and buy the crap out soybeans and sell the sh-t out meal/oil look at exports
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@jasonlbritt
Jason Britt
3 years
Everyone knows China is full of Crap! Watch what they do, not what they say........
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@jasonlbritt
Jason Britt
1 year
To me the trade is severely under estimating how much this extreme heat in much of the Midwest is taking a toll #corn #soybeans right now. Going out on a limb, but the drop in crop ratings may be shockingly bad Monday. To many conversations with customers to not feel that way.
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@jasonlbritt
Jason Britt
3 years
Can't stress enough how important the US growing season is going to be.
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@jasonlbritt
Jason Britt
4 years
Twitter has gotten real quite from all the bear grain analyst telling you how dumb you were that you had not sold corn and soybeans and were going to 2.80 corn and 7.80 beans. Probably to busy collecting margin money to tweet. This is a humbling business for all of us.....
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@jasonlbritt
Jason Britt
4 years
Easy to look back after the fact at a bullish chart and say how much money you would/could have made. Problem is most people can't stomach days like today or were stopped out way before markets actually reach a top. Do I think we have topped...No! Is today uncomfortable? Yes!
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@jasonlbritt
Jason Britt
3 years
JBS, the world’s largest meatpacker, imported 30 ship loads of corn into Brazil from Argentina due to the short crop caused by drought and frost.
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@jasonlbritt
Jason Britt
3 years
Sometimes I wake up just feeling sorry for the bears in this grain market....... And then I remember how smug they were telling everyone how you were dumb to even think we could rally and how dare we question the USDA and the size of the crop..... and then I don't feel bad.
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@jasonlbritt
Jason Britt
4 years
#Soybeans are just shaking the trees on a move that has went straight up with little correction. I’m afraid the bears will be disappointed once again. Could we have a down week, sure! Do I still think we’re going higher longer term.......yep!
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@jasonlbritt
Jason Britt
9 months
Sad commentary when the most bullish thing going for the #soybean and #corn markets is how bearish everyone is and the loss of all hope, but that's where we are at. Seen this movie before. Don't get to discouraged, things will change, they always do. Lay in the weeds and wait.
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@jasonlbritt
Jason Britt
4 years
Wowzers! 2,108,000 tons of #corn sold to China. This is getting real. Wake up!
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@jasonlbritt
Jason Britt
10 years
Farmers please do not ask me why we are setting lows in the corn and your posting your yield monitors on twitter with 300bpa. #thinkaboutit
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@jasonlbritt
Jason Britt
3 years
Well known restaurant here in KC is said to be paying 50 bucks a hour to the back of the house staff so they can stay open and operational. Even at that still having problems they said. This wage pressure is going to get out of control. No one wants to work.......
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@jasonlbritt
Jason Britt
6 years
I know some will disagree, but I think the @cmegroup not closing tomorrow is very disrespectful. Anyone that believes this should send them a DM or tweet telling them what you think. Some traditions should remain the same and I believe this is one of them. #RespectnotGreed
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@jasonlbritt
Jason Britt
4 months
Everyone wants to tell you If Trump is elected how bearish it would be on a trade war with China. However they fail to mention if Ukraine's money supply is cut off it would be very beneficial to US #corn and #wheat prices going forward.....
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@jasonlbritt
Jason Britt
6 years
Wouldn't sell corn at this level for any amount of money.........whole growing season to go, challenging weather and funds record short. Sell away boys.......
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@jasonlbritt
Jason Britt
7 years
Soybeans have had almost a 60 cent uninterrupted drop, and people are asking why they are up a dime? First time trading? ......
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@jasonlbritt
Jason Britt
1 year
So we got planted at a record pace,which I was told is bearish at the time. But the same crop that was planted early, can now hold on indefinitely without rain. It’s the middle of June.Can’t just keep kicking the can down the road with these forecast rains that aren’t happening
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@jasonlbritt
Jason Britt
3 years
They grow up quick. This is my youngest. Very proud of her @Maddog_Britt_ @maddogbritt
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@jasonlbritt
Jason Britt
4 years
For all the talk of #soybean cancellations all winter long it better start happening soon to be able to "cancel" our way out of the soybean deficit we are creating. We have already shipped 82.7% of the soybeans. They gone!
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@jasonlbritt
Jason Britt
3 years
Puts, puts, puts. Can't stress this enough for folks needing to manage risk at these price levels. It's not picking a top, it's just being prudent as a producer. No one has hacked my account. #corn #soybeans #wheat
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@jasonlbritt
Jason Britt
3 years
If AMC can trade to 72 bucks, which essentially was a broke company a year ago. I have no-idea how high #corn and #soybeans could go on legitimate weather concerns. I would not underestimate these markets. Options may be the better part of valor in a market like this.
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@jasonlbritt
Jason Britt
5 years
Dollar getting smacked this morning. The dollar rolling over in price would do more good longer term for commodities than a trade deal.
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@jasonlbritt
Jason Britt
3 years
I really think markets should be closed today......
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@jasonlbritt
Jason Britt
7 months
This is just a personal opinion after 31 years of trading. I think commodities are on the verge of repricing much higher than current levels (20%plus) Many trading(me included) have never been through a real inflationary cycle and the payback for keeping rates artificially low
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@jasonlbritt
Jason Britt
4 years
Been doing this for over 26 years and still feel the same. MARKETS SHOULD BE CLOSED ON THIS DAY! It's disrespectful and with banks closed there is way to much risk in these markets each day to be open.
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@jasonlbritt
Jason Britt
11 months
Surprised how many analyst take glee in lower grain prices and collapsing cattle prices. Fine to be short, but just to rub it is really hard for me too understand.
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@jasonlbritt
Jason Britt
5 years
Hell Yeah your going to be seeing a lot of this! Exporters sell 756,000 Tons of CORN to China. Read that again. CORN. Exporters Sell 340,000 TONs of HRW to CHINA. Exporters sell 110,000 of soybeans to unknown.
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@jasonlbritt
Jason Britt
9 months
Fun Facts #Corn ending stocks have proven lower than the USDA's February estimate in 5 of the 7 prior years. And they are 5 for 5 on being to high on yield in the Feb. outlook by a avg of 6 bushel. Pretty sucky at this it appears.
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@jasonlbritt
Jason Britt
3 years
Unpopular opinion tweet coming... #Soybeans and #Corn appear to be just resting for now and working off their overbought status. No collapse with outside market turmoil and some rain. If they don't break hard soon, I feel we have a rip your face off rally coming. Sorry/Notsorry
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@jasonlbritt
Jason Britt
4 years
ONE reason I am so bullish :January 2013 soybean contract was trading at $14.96 on 12/14/2013 vs. the $11.68 level the January 2021 contract is trading at today. 4.2 Stocks/use ratio then . Current stocks to use ratio 3.9%
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@jasonlbritt
Jason Britt
5 years
USDA report day!
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@jasonlbritt
Jason Britt
8 months
Commodities seem to be bubbling under the surface here. Bitcoin going nuts, cocoa ripping faces off, cotton working higher on almost another (expanded) limit move. So easy being short #corn #soybeans and #wheat here. But a shift seems to be in play. And sometimes it's not
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@jasonlbritt
Jason Britt
3 years
No #corn cancellations and we need a whopping 5.1 million bushel a week to meet USDA estimates and we did 21.9 million bushel............... Oh and another 152,400 Metric Tons to a unknown announced at 8:00 cst. If we only had some demand.......
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@jasonlbritt
Jason Britt
8 years
Fun Fact: Not been a time in the last 10 yrs in which Dec. corn has not presented a opportunity to sell over 4.20+ during growing season.
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@jasonlbritt
Jason Britt
1 year
For those arguing about no demand.....YTD #soybean sales are running 14.5% ahead of last year despite USDA just cutting its own export estimate again this month to 11.9% below last year.
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@jasonlbritt
Jason Britt
3 years
Saturday morning thoughts. Most of the weather services missed this South American drought. I was made fun of by several of them saying this may be a once in trading career drought. (It’s in previous tweets). Sorry if you got short because of them. Many of them were dead wrong!
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@jasonlbritt
Jason Britt
4 years
For all you China's going to cancel chicken little's in #soybeans ........ Approximately 97% of China's known soybean sales have shipped. Hard to cancel whats gone.
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@jasonlbritt
Jason Britt
4 years
Happy New Year to my twitter folks. I know we all don't agree on things be it Bull or Bear, but here's to wishing everyone a healthy and prosperous 2021.
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@jasonlbritt
Jason Britt
3 years
This administration reeks of incompetence......
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@jasonlbritt
Jason Britt
5 years
Be interesting what the Pro Farmer crop tour estimates yield at next week with the crops still fairly immature. Indigo Ag estimated corn at 154.7 while Dr. Cordinnier is putting the yield at 160 bpa. They better not be right or were at 2012 levels and below pipeline supplies.
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@jasonlbritt
Jason Britt
7 years
Why do we even have crop ratings............
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@jasonlbritt
Jason Britt
1 year
Sorry don’t think there is anything remotely funny about damage done to peoples property and crops..... sad that anyone thinks it’s funny to begin with. Have been on that side of it when Mom and Dad were hit with a tornado and where to even start is over whelming.
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@jasonlbritt
Jason Britt
5 years
Going to resurvey 14 states...... this report is worthless.
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@jasonlbritt
Jason Britt
1 year
As we are getting all excited about this rain lets look at a few things......If July rainfall is exactly average with 3.91", April-July would still be fourth driest since 1960.
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@jasonlbritt
Jason Britt
1 year
220 mb #soybean carryout is not bearish and especially when we drop another bushel or 2.
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@jasonlbritt
Jason Britt
11 months
But everyone keeps telling me everything is fine……
@DiegoMeurer2
Diego Meurer
11 months
Early harvest in the second largest group in Brazil, Bom Futuro, harvesting 5 bags per hectare due to severe drought in Mato Grosso. #soybeans
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@jasonlbritt
Jason Britt
3 years
#Soybean Bears have tunnel vision on exports. Domestic demand growth from our crush will offset much of the export problem. Essentially there will be no US soyoil available for export.We will need every acre of soybeans produced this year to fill the demand for sustainable diesel
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@jasonlbritt
Jason Britt
4 years
Kudos to the #soybean bears and #corn bears that continue to post on here. Some of the biggest bears on here a while back have decided to take a break from twitter and just stop posting. "I'm going to take my ball and go home". mentality. Humbling business we are in. Rember that
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@jasonlbritt
Jason Britt
5 years
Tyson foods is running slaughterhouses at full capacity to fill surge in retail meat demand- CEO
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@jasonlbritt
Jason Britt
4 years
They harvest #wheat somewhere in the world in every month but February. Let that sink in when you start thinking were going to run out of wheat.......
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@jasonlbritt
Jason Britt
7 months
Inflation going nowhere...... anyone alive and living day to day knows this. #Commodities are where it's at and several of the commodities giving a hint of this. Fund sitting in record shorts are going to be caught way off guard.
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@jasonlbritt
Jason Britt
1 year
Weather guys telling me it’s going to cool down. Well no shit it’s 101 right now, high probability you are going to be right with that one. 🤦‍♂️
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@jasonlbritt
Jason Britt
4 years
The most bearish thing going for #soybeans now seems to be every newsletter I read is wildly bullish and sees no reason for #soybeans to go lower at all. Many ways I feel they are right, but geta little uneasy with everyone now so bullish. Not everyone gets to go for the ride
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@jasonlbritt
Jason Britt
3 years
My biggest worry for #corn #soybeans and #wheat right now is a black swan event/events. Feels like everything right now is in a state of turmoil and a complete cluster. With the current news not sure how the Dow is not down a 1000 points. Hope I am worrying for nothing, but...
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@jasonlbritt
Jason Britt
4 years
Way to much hype over this. China will buy #soybeans if they need them and won't if they don't regardless of a trade deal or not. It was always going to be that way.
@kannbwx
Karen Braun
4 years
Chinese media reporting that #China will look to renegotiate the Phase 1 trade deal under a Biden administration.
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@jasonlbritt
Jason Britt
3 years
Surprised at all the drama on Twitter from guys that trade all the time and especially some of the grain analyst and brokers on here. THESE MARKETS ARE GOING TO BE VOLATILE!Period!Don't get to excited when they move up and down 10-20 cents and describe it with silly adjectives.
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@jasonlbritt
Jason Britt
7 years
USDA has Iowa yield pegged at 188 bpa. State yield for Iowa in 2012 was 137 bpa. Of course genetics have improved,but get off the crackpipe!
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@jasonlbritt
Jason Britt
1 year
Yield is going down on this crop. We have seen the highest USDA numbers of the year imo. Nice bull flag developing in #soybeans . Sell them off,it's fine. End of the month and a new month coming and a 3 day weekend. What could go wrong.... #faceripper coming.
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@jasonlbritt
Jason Britt
4 years
Not hearing much about Covid this morning so that's good.........
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@jasonlbritt
Jason Britt
4 years
Why does the USDA even bother..........Missing something by 40 to 50%...... Recall USDA at Feb 2020 Forum forecasted 9/21 U.S. corn stocks at 2.637 billion bu. (1.1 billion over USDA’s Jan 2021 forecast) and a 20/21 on farm price of $3.60
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@jasonlbritt
Jason Britt
4 years
If we use farm futures planted #soybean acreage number of 88.5 and use USDA trend line yield we end up with a whopping 62 million bushel for carryout. Oh and the USDA will have to eventually come clean and lower current carryouts.
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@jasonlbritt
Jason Britt
7 months
CONAB VS the USDA on corn is over 450 mb difference..... USDA is the same agency that stuck with a Chinese corn import forecast one year of imports of 7.2mmt that eventually ended up near 30.0mmt Oh yeah they bought most of our corn that year under 4 bucks before it went to
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@jasonlbritt
Jason Britt
4 years
Back when I started in this business the last 2 days in the market would have definitely been straight to the bar after the close type of days. Still like my drinks, but this is better "therapy" for me and clears my mind. Bonus; I feel a hell of a lot better the next day too.
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@jasonlbritt
Jason Britt
3 years
Getting real sick and tired of "trending wetter forecast". I think I will just wait until it happens and take my chances ........
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@jasonlbritt
Jason Britt
4 years
#Soybean shipments March-Aug.need to total 350 mb to reach the USDA forecast. That number the last 5 yrs has averaged 670mb+, with a low of 590mb and a high of 800 mb. So a negative carryout of MINUS 120 or MINUS 450. Price has to ration demand......
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@jasonlbritt
Jason Britt
3 years
Seeing some things in the options that I have never seen before .....Holy Smokes be careful out there folks don't care if you are Bull/Bear. Career ending moves and financial ruin type moves. #wheat .
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@jasonlbritt
Jason Britt
5 years
Come on folks don't do this. US AG Dept. pulls all staff from pro farmer crop tour after employee receives threat- USDA
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@jasonlbritt
Jason Britt
6 years
Why do I get the feeling that Mr. Trump would be willing to at least start negotiates with the Chinese VS escalating tensions everyday if the Stock Market was getting the sh-t beat out of it like the corn/soy.
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@jasonlbritt
Jason Britt
2 years
Strong up seasonal for July #corn kicks in next week. Buy July corn 3/29 sell 5/01. Made money 13 out of 15 years. LY the buy was 7.08. Sell was at 8.13 1/2. Oh and carryout is tighter this year too. Not a trade recommendation, just pointing out a seasonal.
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@jasonlbritt
Jason Britt
15 days
#Soybean basis Quincy, IL at 4 under the November. Had been 30 under. St Louis now at 20 over the November.
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@jasonlbritt
Jason Britt
3 years
Was told a long time ago by a old trader (mentor) that the last 10% of the move is always the most violent. That has kept my butt out of trouble several times when I just felt I needed to sell something because it's to high. #soybeans
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@jasonlbritt
Jason Britt
4 years
Get very nervous on all these forecast of Hot and Dry and no rain in sight over holiday weekends. From experience went home very long corn and beans with forecast for no rain at all. That Sunday sitting on the boat it was pouring rain thinking "I'm F-cked". And I was.......
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@jasonlbritt
Jason Britt
1 year
Never seen a market so complacent for what is happening!
@BenRiensche
Benjamin Riensche
1 year
The crop here is “not being reduced.” It is dying, on 85 and 90 CSR soils (Iowa terminology for +225 bu dry land corn soils). We are 100 degrees for several days. And 16” of rain short for the year. Profile was empty to start with.
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@jasonlbritt
Jason Britt
2 years
I give it a week if not less before we get more news on Russia backing out of the grain deal. This may be harder to trade than Trump tweets use to be on China...... #wheat #corn
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@jasonlbritt
Jason Britt
5 years
USDA putting Missouri corn yield at 160 is ridiculous. Gro predicting them at 138 bpa much closer. I have several customers in the area and have driven much of the state I would go 140 and considering that's the same as ly that may be a stretch. Just my thoughts on MO.
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@jasonlbritt
Jason Britt
5 years
Why do we even have crop ratings? Currently the crop ratings for MO corn is showing 40% of the crop gd/ex compared to the 5 yr avg of 60%. However, they put the Avg yield estimate for MO corn at 160 bpa when MO has only avg 160 when conditions were much better than thy are now.
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@jasonlbritt
Jason Britt
2 years
When your wife loves birds and especially flamingos you take her to flamingo island. Happy Wife, happy life.
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@jasonlbritt
Jason Britt
5 years
Complacency in this market with the immaturity of this crop is mind numbing. I know markets have cried wolf before on early frost and most of the time it doesn't happen, but this year to ignore it would be crazy. This could end very badly. Upside/downside risk disproportionate.
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@jasonlbritt
Jason Britt
3 years
That FBN survey on the #soybeans looks pretty good right now.
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@jasonlbritt
Jason Britt
5 months
Been driving to the Lake of the Ozarks for 20 plus years and the crops on the drive down are as variable as I have ever seen. Corn ready to tassel to just a foot high. And the #soybeans in some cases to just planted to a inch high. Honestly, soybeans look like crap!
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@jasonlbritt
Jason Britt
3 years
Everything I read right now on #soybeans and #corn is all bullish. Which makes me very nervous,but maybe we continue to climb this wall of worry. However, in my experience it's usually not this easy of just buying it and watch the money pour in. This time different? Doubt it!
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@jasonlbritt
Jason Britt
5 years
Harvest report on some 100 day corn North of KC. Field usually avgs. 170-175. This year it averaged 135. Said corn was very good and actually above average in a a lot of places. However, there were to many holes (drowned out) to make up the difference. 19% moisture.
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@jasonlbritt
Jason Britt
2 months
Hearing more and more clients tell me this is not the finish for #soybeans they had hoped for. Don't necessarily expect the USDA to recognize that tomorrow. But I do believe we have had our highest soybean yield print.
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@jasonlbritt
Jason Britt
4 years
Not said much lately, because a lot of times not much to say about markets.But I feel the #soybeans are currently "resting" before the next leg higher.Much like CL did in early Jan for a month,before moving another $10 higher.Still need higher prices to ration demand. That's all.
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@jasonlbritt
Jason Britt
5 years
Obviously not to the bottom yet, but two commodities I would not sell for any amount of money at this level would be corn and hogs. Not a trading recommendation to buy them. Just a observation after 25 years of trading commodities and trying to stay out of trouble.
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@jasonlbritt
Jason Britt
4 years
Dang! 1,365,000 Tons of Corn sold to China.
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@jasonlbritt
Jason Britt
4 years
Not that most care on here but the wife an I with the new Mr Olympia Big Ramy.
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@jasonlbritt
Jason Britt
3 years
Fun fact: The shortfall in U.S. #corn production is the largest for an August crop report since 1997.
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@jasonlbritt
Jason Britt
3 years
Called all week for this rain and absolutely nothing here. Happy for the wine tasting I’m going, not so good for the crops. Crop ratings gong down hard. #corn #soybeans .
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