BE PATIENT MAKING SALES AT HARVEST TIME

Written By Sebastian Frost

AUDIO COMMENTARY

  • Markets are waiting to trade USDA report

  • Early estimates showing disappointing yields

  • Some moisture in the forecasts

  • Lot of talk this weather caused tons of damage

  • More upside in these prices

  • Lot of pent up demand in corn

  • Wheat has potential, but who knows when

  • Don’t be giving grain away and selling when supply is at it’s highest

  • Scroll to check out how dry the past 3 weeks were as well as how the crops are shaping up vs last year

Listen to today’s audio below

OUR MASSIVE SALE ENDS IN 48 HOURS..

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SALE: $299/yr

NORMAL: $800/yr

HOW DRY WAS THE 2ND HALF OF AUGUST?

Here is the past 3 weeks of precipitation compared to the last 131 years at this same time. A good portion of the corn belt coming in dead last.. How a crop finishes matters. Damage is being underestimated. Beans need moisture in the second half of August.

CROP CONDITIONS VS LAST YEAR

Some main takeaways:

Corn 🌽

Our top 4 producing states of Iowa, Illinois, Nebraska, and Minnesota all collectively produce roughly 54% of the US corn. 3 of those top 4 are in much worse shape than last year.

% Compared to Last Year (% of US Production)

  • Iowa: -17% (16% of production)

  • Illinois: -14% (15% of production)

  • Nebraska: +12% (12.6% of production)

  • Minnesota: -23% (10% of production)

Beans 🌱

Not much to say here. Just take a look at how much worse our top 3 producing states are vs last year.

  • Illinois: -9%

  • Iowa: -17%

  • Minnesota: -17%

We simply cannot afford to lose bean bushels and demand isn’t slowing down.

Chart Credit: Kevin VanTrump

SOME SOCIAL MEDIA

Sebastian Frost
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BEANS GIVE BACK GAINS, TRADE PREPARES FOR USDA
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WEATHER IMPROVING, BUT DAMAGE WAS DONE