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| 1. Lower corn acres were anticipated last year, but never materialized. Just looks like too many grain aces to me which tend to real hard get out of productions once they are in production.
2. E-Plants are running at full capacity as it currently stands, yet the ending corn reserves higher remain problematic IMO.
3. Spring-time weather scares seem to be the best argument as they could affect new crop prices more than the continuous corn prices. Seems like there is always some type weather premium in the Spring/Early Summer period, but just not sure how that will play out with the higher corn stocks we have already produced. | |
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Corn Direction
