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Big report
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IALTO
Posted 5/10/2018 14:22 (#6753526 - in reply to #6753501)
Subject: RE: Big report


WC MN
Crop will get planted as it always does. There are some big corn producing counties in the southern tier of MN and northern tier of IA that has have been having a hard time drying out and look to stay wet. As always the weather after planting will be Paramount. World numbers are not wildly bullish but do not provide as much cushion as they have previous few years. If we do not get much for a weather issue then we probably do not have a whole lot more upside. If weather does not play well and we can legitimately end up sub 170 we might have a chance to break $4.50. It will be interesting to see if the crop condition ratings mean as much to the trade after last year's debacle. I would hope not. Nevertheless, we are in position for the first time in a few years for a legit rally if weather turns hot and dry.
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