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Jon, I have a question
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RayJenkins
Posted 3/23/2015 13:39 (#4471917 - in reply to #4471874)
Subject: RE:Cognitive Dissonance


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...
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