There's carnage in the grain pits after today's final USDA report on the 2011 harvest shows...

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User 509088 Comments (668)
 
yeah, but next year, with no snow, the top will be dry, dry. so don't splurge on landyachts.
12 Jan 2012, 03:23 PM Reply Like

Gary Jakacky Comments (1860)
 
Excellent! I want my Wheaties and Corn Flakes to drop in price soon. Eat more beans, less frackin' more fartin'!
12 Jan 2012, 03:29 PM Reply Like

Windsun33 Comments (3924)
 
If you look over the past history of the USDA reports, they have been remarkable only for how innacurate they have been. In importance, I rate this about 1.5/10.
13 Jan 2012, 12:43 AM Reply Like

Moon Kil Woong Comments (8897)
 
I've been amazed at the run up in grains for quite a while. Given many who were playing the ethanol corn game are realizing that this is a ridiculous way to make fuel and the government can't afford it forever, I suspect many farmers will turn back to growing grain and other foodstuff. Hopefully, the huge food price run up will reverse a bit and help out everyone just making it by.
13 Jan 2012, 02:14 AM Reply Like

ck_tech Comments (3)
 
Even if the USDA is wrong, my CORN ETF just took a kicking. Terrible news as it was making a nice comeback. I was reading the weather in Argentina is setting up to be hot and dry and this should decrease yields...we'll see. Good luck out there.
13 Jan 2012, 08:27 AM Reply Like

Windsun33 Comments (3924)
 
On the other hand, this should make those companies where grain prices are a large expense a better buy because of lower costs.
13 Jan 2012, 11:00 AM Reply Like