View On reddit.com submitted 5 years ago by echochick posted in /r/pokemongo
I recently decided to start up a new team for the upcoming Ho-Oh season which is on week 21-23 of 2016. I am considering going with a sub-type of “Mega” which is mostly the same as the current Gen 7 types and I wanted to know what sort of skillshare was worth the money in terms of overall value.
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Your vote: $7 ($25 in USD)
The US Department of Agriculture announced that the first two-thirds of the nation’s corn plants are now being planted.
That means corn prices could remain high for some time as this year’s crop has not had proper moisture for growth. But that is not a big enough part of the puzzle to drive up production.
There are few clear signs of a recovery in the Corn Belt. There are big signs of recovery in a few areas:
• As many as 70,0000 bushels of corn were planted at the start of this year. On a per acre basis, they were a small share of the total crop:
• Many more acres are being covered in corn-soybean mix than is normal. This is the main reason that the U.S. corn crop is expected to be a little over 80 percent bigger this year than last year. While production is on the rise, the spread between average prices and futures prices does not seem to have gone up yet in this situation. Because corn is traded in U.S. dollars, this means that the US market is not pricing corn so the price of the commodity is going down as the dollar price goes up.
• The total crop size is about 16,500,000 acres, so we can get a sense of the difference there can be in price (as opposed to acreage):
And here are the two-thirds of the corn acres planted:
(And here is the data)
The average price for corn futures over the last year, as I noted, was $8.84 per pound. There will be a price of $8.82 per pound when the end of the growing season is on the horizon.
The reason for the slow progress of the Corn Belt is not known. I am reminded of the case of the American wheat bubble, where