The Grain Feed – September 14, 2023

00:17:38:03 – 00:17:40:28
VERL
I’m going with for 60 GM.

00:17:41:00 – 00:17:45:11
JIM
Route or 60 in that bear and you just won’t let.

00:17:45:11 – 00:17:46:16
JAKE
Go.

00:17:46:18 – 00:17:54:21
JIM
Just won’t let go. What about you, Jake? Five bucks or for 60? What do we trade first on December five, five first?

00:17:54:24 – 00:18:16:09
JAKE
I think beans are going to drag it there. I think that 50.1 was USDA’s best attempt on the supply side to help that balance sheet out. And they’re going to break that thing down as soon as harvest gets really rolling and beans are going to drag us to five bucks for a little while. Not forever, but just for for a day or two.

00:18:16:11 – 00:18:19:02
JIM
Okay. Gotcha. So. So you’re a seller at five bucks?

00:18:19:02 – 00:18:20:12
JAKE
I think so.

00:18:20:14 – 00:18:35:19
JIM
Okay. Gotcha. Okay. So overall, when we were talking the other day, we asked, are the lows in I said, we’re going to break them. We ended up bouncing. You still think I could have a shot, though? We’re going to break the contract lows for 73 and a half. I think on these we’re going to push it to for 60.

00:18:35:19 – 00:18:37:28
JIM
It’s coming up here in the next week or two.

00:18:38:01 – 00:18:49:08
VERL
I agree, Jake. Do you think sticking to a 3 to 1 corn ratio that mentioned, are we going to $15 means?

00:18:49:10 – 00:18:50:20
JAKE
I think there’s a chance.

00:18:50:20 – 00:18:53:05
VERL
Oh, prediction not not in the not.

00:18:53:05 – 00:19:03:13
JAKE
In the very near future. But as we get a little further into winter, we catch a hiccup or two out of South America, then, yeah, I think it goes up there and tries.

00:19:03:16 – 00:19:14:00
JIM
We just we just heard a $15 B number here, ladies and gentlemen. Is that a no futures or is that like Jan Mar?

00:19:14:03 – 00:19:17:07
JAKE
You probably better put that against me in March because we’re out here.

00:19:17:07 – 00:19:19:18
JIM
We got to get out of this one if you need to be a little light.

00:19:19:18 – 00:19:23:08
JAKE
But great call associate.

00:19:23:11 – 00:19:46:01
JIM
Again. Hey, guys. Speaking of beans and calling out these wild, bold predictions, let’s stick to the November contract and I’m going to twist this range a bit. I gave you $0.20 each way on corn. I’m not going to mix this up a little bit on beans. We’re trading 1360. I’m going to alter this range a little bit. What do we trade first, we go back to 1330.

00:19:46:07 – 00:20:01:14
JIM
Found a lot of support there the past couple of days, 1330 or 14 bucks. What do we trade first? 1330 or 14 bucks, $0.30 to the downside. We got $0.40 to the upside. November futures. I think we’re going.

00:20:01:16 – 00:20:05:06
VERL
To go back to 14 before 1330 again.

00:20:05:08 – 00:20:06:23
JIM
Bro. And Jake, 14.

00:20:06:26 – 00:20:14:26
JAKE
I agree with you. Overall, I think the low is in on this being contract and we’re probably not looking back from here at this point.

00:20:14:29 – 00:20:41:18
JIM
Lows are in for two here first everyone the lows for beans are in and you might take that March contract of 15 bucks. Attaboy, Jake. Not now. We’re getting both. We had some bold predictions also regarding some football, and they’re a little too bold, I think. I think Jake went pretty aggressive on how badly the Chiefs would beat the Lions and Cody to not just you, Jake.

00:20:41:21 – 00:20:55:25
JIM
You guys had like 17 and 20 point victory margins there. Didn’t pan out. Didn’t pan out for the Bears either, though. I did have to send Cody a couple bucks. Did you end up having a bet with Cody as well, Jake or anyone here at Ever Egg?

00:20:55:27 – 00:20:58:13
JAKE
No, I’m not, thankfully.

00:20:58:20 – 00:21:17:00
JIM
Smart man. Well, might be bet in the other way here this weekend. Let’s just do a quick, bold prediction and we have a quick minute here remaining. Jake, I think we’re both going to Florida, not you and I personally, but our teams chiefs are in Jacksonville killed. Bears are in Tampa. So chiefs at Jags. Jake. Bold prediction.

00:21:17:03 – 00:21:23:01
JAKE
I think we’re going to win it, but I think it’s going to be it’s going to be a shootout again.

00:21:23:03 – 00:21:24:26
JIM
A shootout again?

00:21:24:28 – 00:21:28:29
JAKE
Well, maybe not. A shootout wasn’t a close one.

00:21:29:02 – 00:21:36:09
JIM
Okay. Gotcha. It’s got to be fun. Gotcha. All right, bro, I’m going to hit you. Bears at Bucs Ball prediction.

00:21:36:11 – 00:21:46:16
VERL
Bears at Bucs. I’ve learned in my time living in Illinois that you shouldn’t bet for the Bears.

00:21:46:18 – 00:22:12:03
JIM
It’s a it’s a harsh reality for generations of Americans across Illinois. Be cautious when betting on the bears. I have to just on record for the viewers in the audience say bears by field goal. I have to just say that and then we can talk offline. What I what I actually think bears by field goal. Great bull predictions everyone awesome insights on your market data.

00:22:12:03 – 00:22:30:07
JIM
Really appreciate what you guys had to say, especially with such a crucial week here with this wisely report and diverse points. Always on to the next one. We’re looking at that quarterly stocks report here at the end of the month, so stay tuned for further analysis on that report. Excellent work and a big thanks to Boro for returning to the show.

00:22:30:07 – 00:22:48:29
JIM
Great to have your insights here today. We’d also like to thank Cory in the AG Insights Group for their support. Thank you to Page for production magic and thank you to the viewers for watching the grain feed. Contact information is on the screen. We greatly appreciate your being back. That’s all for today. See you next time. On the green.

00:22:48:29 – 00:22:49:10
JIM
The.