|
SC Iowa | How do you "know" there is no weather premium in $4.14 December corn futures??
given a reasonably sized crop on the way, we can trade down to $3.25 Z futures
which, I know, is not what you want to hear, but could easily be reality with farmers holding a large amount of the remaining corn inventory that will eventually get transferred to someone else beyond the farmgate...
I can make a strong case that harvest futures lows get set in mid to late August this year with normal weather... | |
|