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Strategies & Market Trends : Taking Advantage of a Sharply Changing Environment

NRG 161.44

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Dec 12 9:30 AM EST

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To: Doug R who wrote (4450)	12/5/2020 11:06:39 AM
From: robert b furman	1 Recommendation Read Replies (1) of 6351

Hi Doug, The Ice Age farmer has missed his calling. He needs to be a talking head on a business channel. Tight soy beans will not make farmers slaughter off their herds. Alfalfa, grass bales of hay, corn all go into a good diet for cattle and hogs eat much more corn than soy beans. We will not run out of soybeans. For supplies to be tight is a god send for the many farmers who have taken low prices far too long. Wisconsin is leading the BK farm numbers, and higher bean prices will simply help them recover. 8 years ago it was beans in the teens and farmers hedged 50% and made a lot of money (use to buy new equipment) with the other 50%. This years crop got in early and was harvested on time vs last years still corn in the field at this time of the year. It was a great crop this year in my neck of the woods. He's a bit too much of an alarmist. He loses his credibility when he does that. JMHO Bob

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