WHEAT UNDERVALUED? CORN YIELD? WHAT TO DO WITH GRAIN OFF COMBINE

AUDIO COMMENTARY

  • Corn made new high but ended red

  • Likely look to retest $4.00 in corn

  • Possible frost scare?

  • Weather not major player anymore

  • Corn looks good but needs over $4.23

  • Targets for those that need to make sales

  • USDA report Monday

  • Could the rained out states make a big difference in yield?

  • Yield reports made for farmer vs commercials

  • Market penciling 183 corn yield

  • Pricing opportunities vs bull markets

  • Wheat seems undervalued here

  • New short term highs in Chicago wheat

  • 5/6 sessions wheat runs off early lows

  • Wheat acres should give a rebound

  • Nobody wants to plant wheat at these levels

  • What to do with grain you have to move off the combine: different strategies, basis etc.

  • Check your basis bud structure

Listen to today’s audio below


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