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For those super Bearish corn please tell me why (No $420+ July corn)
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Andre54
Posted 1/8/2017 17:34 (#5754149 - in reply to #5754110)
Subject: RE: neutral on corn pricing


central ontario
The 2.4 is well publicized as just learning points out the carry out is not crazy as in years gone by,we have been trending up albeit at a very slow pace since Sept on the red hot demand trail which has brought in the buyers to support prices.
The next 6 weeks could see some producer selling and some pricing pressure,but a rally to 4.20 could happen ,anything is possible like cornkrush says a weather rally.
Give us some good old drought weather and 4.20 may be a low number if the trade is leaning the wrong way with too many calls sold.That is not the set up right now thou.
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