Gary's Blog 11/23/20 3:47:10 PM|
South American weather has been the driving force behind the current rally. The La Nina type weather pattern has put a dry spell into place to the likes which have not been seen in many decades. The world balance sheet continues to dwindle as crop size is reduced. Until a pattern change develops bulls will be in charge. Corn has assumed a follower role to beans and has quietly pushed higher over the past few weeks. Harvest is considered over but Ohio was the laggard for the Midwest. Locally only a few fields remain, and it was a great fall for tillage work over most of the state. Producers will be reluctant to sell as a bullish attitude as swept the countryside. It is important to keep emotions in check as profitable opportunities are abundant. Remember things can and do change (COVID, Gov Policy, weather) so its important to stick to your marketing plan/strategies.