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Not a Lot of Changes in the Crop Report

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  • Description

    FBN’s Jeff Flock reports that there aren’t a lot of changes in today’s crop report.

  • Duration 2:05
  • Date

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Today let's get right to the CME and Jeff Flock Jeff what and -- I -- -- excuse me for the glasses but this is that this is the crop report by the way.

Lot of pages that are -- -- a little Scott -- show last hour.

Definitely got the man in the -- this hour what was your headline.

Headline is really not a lot of changes announced harder really make a -- of changes of those who wanna screw some of the numbers in the report.

When we don't have the -- on the ground yet this year so you're really going back and maybe changes and things that -- and they really didn't do a lot.

Looking specifically let's take a look at corn first this is rallying today based on the report.

And we're still almost seven dollar quarter MC who still gonna attract a lot of planting this here and that's really what we've been talking about since the report not a lot of -- the report we didn't change a lot of those numbers.

And our look at march when it's it's what we're gonna put this up from the ground.

Tell me about this you have a lot of exchange he had this exchange had a lot of funds in a lot of hedge funds a lot of investing in that money is is -- -- out of this thing.

-- because they got a little ahead of themselves on inflation trade which is a little bit different you know they thought that that dollar.

With what the Fed was doing was gonna really do value and so dollar denominated products should automatically go up because.

We're gonna be inflating.

On and really happened that's also what happened a gold so those people had to take their money back out and that's cause things to present a little bit as well.

We look at soybeans today also bearish on soybeans bearish on wheat today and I saw that orange juice futures took a huge jump.

With -- crop problems don't want.

Yeah and that's fun to watch that because the volumes are so thin that -- be very volatile so.

Oranges is typical ago when every season and I bet there's big moves but not a lot of volumes -- our lumber.

Break -- product here yeah exactly good good analogy Scott appreciate it very much so it's good to Syria.

Crop report.

-- -- Look at Italian I don't know I wish we'd had some -- -- -- -- that it didn't it just pretty much unchanged.

But they're okay sometimes can't make money now what I now with sometimes -- clothes are.

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