Tommaso...corn, bean all terrible condition in eastern Nebraska due to many times normal rainfall. Field are still to wet to work, hill the corn, or plant. The plants that were not under water have so much moisture they will not develope deep roots, and warm dry weather will wipe them out.
My point to the board is, from here in Nebr thru western 150 mi of Illinois, the crop loss numbers are far worse than any gov't lies you'll read, and the fields are by far the worse I have ever seen, so use DBA or DBC or the new JAG on any large dips, or options. Iowa is calling this a "100 year, or 500 year flood", so it is logical that the crops are at a tremendous loss level of a 100 years also.
Here I hope the ethanol plant closes. VeraSun closed 5 in Nebr last week, saying they could not operate at a profit with corn prices so high. I don't think they have seen anything yet! If they close, contracts probably would not be honored. We shall see. Best to all. |
