Posted 7/25/2016 14:07 (#5431656 - in reply to #5431616) Subject: RE: this is what we're up against, Bulls
You are right about the funds. I am far from an expert but here's my opinion: while sat may have been right about pushin prices too high way before the drought, but we now may have pushed prices down too low way before this crop is made. It seems the trade is already assuming a 170+ corn crop, and you know what happens when you assume something.