cbot Corn sentiment!

[Bastion_01]

just started to track this. Completely missed the dip buying opportunity a few weeks ago.

Not very bullish into the spring though.

https://bastion.substack.com/p/cbot-corn-implied-sentiment

 

[maxinger]

corn price has gone up massively from Aug 2020.
then down massively from May 2021.

it seems like it has found its comfort zone.
It will probably move within a small range over the next
few days.

 

[Bastion_01]

corn price has gone up massively from Aug 2020.
then down massively from May 2021.

it seems like it has found its comfort zone.
It will probably move within a small range over the next
few days.View attachment 268936

agreed. Harvest has been priced in, it'll take significant change in next S. Am. season expectations for a big swing.

 

[countryBoy641]

agreed. Harvest has been priced in, it'll take significant change in next S. Am. season expectations for a big swing.

West Texas oil ($WTIC) breaking out at $78, 7 year high.
Do you think that is priced in too?
How much diesel is required to plant and then harvest 1,000 bushels of corn?

 

[BKR88]

West Texas oil ($WTIC) breaking out at $78, 7 year high.
Do you think that is priced in too?
How much diesel is required to plant and then harvest 1,000 bushels of corn?

Fuel costs are a small portion of expenses for corn production.
Takes 2-3 gallons of diesel per acre so $6-10 per acre. Corn production in Iowa costs $250-300 per acre so diesel cost is ~3% of input costs.

***Most attention the next few months will be SA weather.

 

[CannonTrading_Ilan]