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Buxton ND | Today was 79.3 md with 21.3 for being new crop. New crop is doing great on corn,,,,,, NOT BEANS.
ONLY 5% behind y-o-y 3ish months ago it was 26% source USDA and my calculator.
Dull boring lifeless red lower corn market all winter = 26%
I keep sniffing exports and I will drop my carry over number to 1.725 bb :o)
1.7 BB looks like a stretch right now but we'll see.
And here just when to thought Sat was always the BBB, I make another bullish post, anyone been counting !!!!!
Honky corn's did nothing wrong today, it did just what a strong/er market should techy charty do by testing 3.85ish
Plus I can see faint signs corn is getting its shine back as traders look to be forgetting about beans.
ZCZ has been the leader,,, say by 12:30ish tomorrow if ZCZ looks to make a WEEKLY close over $4.00 it has not done this since early October. Shorts will get nervous and could very well have a rocking and rolling higher HIGH. ZCZ is the leader because right now IMO its lacking hedge pressure compared to ZCN/U
Anyone seen the OI numbers yet tonight ? Nope neither have I | |
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