Agricultural Economist at the University of Illinois; Lifelong fascination with commodity markets; Iowa farmboy https://t.co/3zBDWxQFsH
Honestly, my only question is why it took this long for markets to wake up. I still believe that the long term equilibrium is a real interest rate (return to saving) of 2-4%. Profound implications for global government finance if this still holds true. https://t.co/nKy4g2zmZt
View original →I think the interesting story from today's WASDE S/D update is the corn ending stocks to use estimate for 26/27. It is now down to 10.1%. This is only a general rule of thumb in my experience but any stocks to use ratio less than 10% is often associated with more rapid upward price movement. We are right on the cusp.
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