Ten HOT Nuggets
10 | LAST CALL FOR SUMMIT 24
This is IT - the final week to register for next Thursday’s Summit in St. Louis!
If you are thinking this topic is far too specific to be worthwhile or it will be over your head - don’t.
Just as a scroll through a No Bull update is an insightful educational journey that always comes with a few twists and turns (and plenty of sarcasm), Summit 24 is about taking a complex topic and breaking it into digestible nuggets in a format that won’t lull you to sleep.
Candid and real conversations with the industry’s biggest movers and shakers.
Why would I want to tackle this topic?
Because I need to learn more about what is set to be the biggest driver of change in agriculture since the original biofuel boom more than 15 years ago.
Plus - policy, policy, policy! I hate it - you hate it - but it is a market mover and has never been a bigger factor in where we go from here.
Change is the only constant - and it is here.
I will likely leave registration open through the end of the week for all you procrastinators. Register HERE.
SEE YOU IN ST. LOUIS!
9 | One big hole
The US national debt topped $35 trillion earlier this week - up $1 trillion since January alone, growing at a pace of $5 billion PER DAY.
Interest payments on debt is also skyrocketing - on pace for $1.5 trillion next year… which would be ~30% of all government revenue collected.
8 | Also in the hole
(I hate to even use this next one for obvious reasons)
It doesn’t matter if you are the producer who is long and wrong, the ag industry executive bracing for the downturn ahead or the supposed marketing guru who wishes she had been telegraphing ‘get 400% sold at $5.50’ to the masses - this reality sucks.
You can check out the entire farmdoc article HERE.
7 | Well-stocked
Somewhat along the same lines as ‘long and wrong’, here’s a friendly reminder that the clock is ticking.
With Deep South harvest underway, the Delta about to commence & everyone else a handful of weeks out… there are plenty of bushels in the bin that have to go somewhere to make room for the bin-buster growing in the field.
Although we have already established that my market guru status is in question, I do think a lot of recent price action in corn is as much about burdensome on farm stocks that will (in theory) be forced upon the market ahead of harvesting a massive crop.
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