Want to relive Tuesday's market rally? So do we. Here's a collection of memorable tweets on the reaction to USDA's June 30 Acreage and Grain Stocks reports.
As always, farmers and the trade were watching the clock tick down to the 12 p.m. Eastern release.
So many butterflies! TWO MINUTES!!!!!! I'd run out of the office screaming if I wasn't glued to my screen!— Angie Setzer (@GoddessofGrain) June 30, 2015
The news about smaller than expected acres and grain stocks for corn and soybeans got everyone's attention.
Prices moved quickly.
Report days. You spend hours waiting for these stupid numbers. Then HFT zoom prices around before you know anything. Thanks, @CMEGroup .— dave newby (@dave_newby) June 30, 2015
After market lows for corn in June and soybeans in May, it was time to celebrate.
Grain farmers today pic.twitter.com/BxJqarGb2I— Angie Setzer (@GoddessofGrain) June 30, 2015
Everyone--and we do mean everyone--was watching the market and its movements.
Trading volumes reached record-high levels.
The rally provided an respite from all the challenging economic forecasts for agriculture.
Betting about every farm banker is loosening his tie and heading to the golf course #80'scrisisaverted #gamechangerreport— Steve Pitstick (@PitstickFarms) June 30, 2015
Some growers are now rethinking their planting--or replanting--plans.
I'm having conversations with seed dealer and farmer friends that I never expected "Can we plant July 4 first crop beans?"— Jim Smith, Ph.D. (@JimSmith87) July 1, 2015
Of course, there's a downside to that particular upside.
Equipment dealers, fertilizer and seed salesman all just upped their prices or are now holding firm.— Scott Farm Company (@ScottFarmCo) June 30, 2015
Now if we could just do something about all that water...
What did you think of Tuesday's USDA reports and the market's reaction? Leave your comments below.
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