Andrew Luzum

If wheat rallies, it's usually a pretty good sign for corn to want to rally alongside with it or tag along as they're replaceable across the globe as feed grains.

If wheat rallies, it's usually a pretty good sign for corn to want to rally alongside with it or tag along as they're replaceable across the globe as feed grains.

If wheat rallies, it's usually a pretty good sign for corn to want to rally alongside with it or tag along as they're replaceable across the globe as feed grains.

A tight wheat balance sheet, a tightening corn balance sheet, a safrinha crop that isn't in the bin yet, certainly not a recipe for $7 corn right now, but certainly you've got the recipe for way better potential for the upside longer term here than back sub $4 corn anytime soon.

A tight wheat balance sheet, a tightening corn balance sheet, a safrinha crop that isn't in the bin yet, certainly not a recipe for $7 corn right now, but certainly you've got the recipe for way better potential for the upside longer term here than back sub $4 corn anytime soon.

A tight wheat balance sheet, a tightening corn balance sheet, a safrinha crop that isn't in the bin yet, certainly not a recipe for $7 corn right now, but certainly you've got the recipe for way better potential for the upside longer term here than back sub $4 corn anytime soon.

It just veered in a direction I'm not sure we wanted it to go.

It just veered in a direction I'm not sure we wanted it to go.

It just veered in a direction I'm not sure we wanted it to go.

Well, at least our branch headquarters, anyway.

Well, at least our branch headquarters, anyway.

Well, at least our branch headquarters, anyway.

Well, you know, it's Friday. It's post-WASD. We came away without too much craziness. But, yeah, no, it was a fun report today. I think if the biggest takeaway from today is per... Our conversation from a month ago was, you know, are the harvest lows in? And I think you can pretty much say that's the case today with these numbers.

Well, you know, it's Friday. It's post-WASD. We came away without too much craziness. But, yeah, no, it was a fun report today. I think if the biggest takeaway from today is per... Our conversation from a month ago was, you know, are the harvest lows in? And I think you can pretty much say that's the case today with these numbers.

Well, you know, it's Friday. It's post-WASD. We came away without too much craziness. But, yeah, no, it was a fun report today. I think if the biggest takeaway from today is per... Our conversation from a month ago was, you know, are the harvest lows in? And I think you can pretty much say that's the case today with these numbers.

You know, bean numbers were nicely bullish, at least in the short term here. Corn keeps finding a bottom, interestingly, to no real adjustments in corn exports. And we've seen those screaming higher here over the last few monthly or few weekly reports. So still could be some fireworks in there, certainly. Yeah.

You know, bean numbers were nicely bullish, at least in the short term here. Corn keeps finding a bottom, interestingly, to no real adjustments in corn exports. And we've seen those screaming higher here over the last few monthly or few weekly reports. So still could be some fireworks in there, certainly. Yeah.

You know, bean numbers were nicely bullish, at least in the short term here. Corn keeps finding a bottom, interestingly, to no real adjustments in corn exports. And we've seen those screaming higher here over the last few monthly or few weekly reports. So still could be some fireworks in there, certainly. Yeah.

Yes, yes. I think you had some of this. I mean, if you watch this rally over the last... two to three, I mean, just in this last week, really, I think you were building some of this in already. And I think on a go forward, you know, just tightening up bean carryouts versus this expectation of a half billion bushels, now it's not. Those are all good things.

Yes, yes. I think you had some of this. I mean, if you watch this rally over the last... two to three, I mean, just in this last week, really, I think you were building some of this in already. And I think on a go forward, you know, just tightening up bean carryouts versus this expectation of a half billion bushels, now it's not. Those are all good things.