Hi RF1,

It comes back to the energy being expressed in the charts.  Doctor Andrew's gave us the median line rules, one of them is the hagopian rule that states, " If price is unable to reach its intended objective, the next medianline, price will go at least that far in the opposite direction."   Price did not achieve its objective on the first rally, it must achieve it before we roll over, or its the amount of energy above the line becomes the amount below the line, and that is how we can easily get to 2.50 futures. People scoff at this rule now because it may project lower, but the physics behind this rule were the same ones that got price to rally during the record harvest a full dollar.  If you think its bunk like so many, ask those people selling the ES how that has worked out for them...or how about John Deere Stock?  Grain prices get cut in half, and automatically people think that means the manufacturers will get hurt to. Grain prices crashed, and DE keeps going higher is an example of the power of the pivots and the hagopian rule.  If something fails to achieve it's intended target in pullback, it is projecting either strength or weakness and has projected the minimum expected.   Failures do happen and these low grain prices will end with one likely at some point, but by the time the calendar flips to the next decade, we are all gonna be real tired of low prices.

Exactly.   What we are experiencing now is the energy expressed with 7 dollar corn above balance being projected below.   And the mid $4's will likely you mention can be achieved for the '15 crop, so why would it not be possible to see $3 like you mentioned?