Bare Knuckles Ag ™

price outlook

3 Reasons Mar 31 Prospective Plantings will already be suspect

History shows farmers can change their plans by a lot due to changing price outlooks or weather planting delays can change plans for them. (Usually it’s the latter.) Over the last 20 years, corn acreage reported in June has increased…
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Why 2019-20 Could Unfold Like a Re-run of 1993-94 Bull Market in Corn

Pre-report trade estimates for corn in USDA’s ACREAGE report on Friday average just 86.7 million acres, down a whopping 6.1 million from March intentions and more than double the 3 million acre cut USDA already made in its June WASDE….
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USDA’s June WASDE Corn Price Forecast too S-T-I-N-G-Y by Historical Standards

Initially, the trade reaction to USDA’s June 11 WASDE balance sheet for corn was price friendly. Traders were surprised USDA cut the planted acreage estimate by 3 million from March Prospective Plantings this soon; not even waiting to see the…
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WASDE Wizard® Perspective on August WASDE Numbers

WASDE WIZARD ® Perspective on August WASDE Numbers Huge yields tanked futures; export outlook recovers some. WASDE Wizard® is 2-for-2 in post-release accuracy. Upon release of USDA’s June WASDE,  the price forecasting model I’ve dubbed my “WASDE Wizard®” said the…
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