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SE Iowa | Nope..no one knows where the market is going and it is dangerous to say where it "can't" go.
Predicting set price is a futile thing to do especially in a weather market. The market is going to go where it wants to by market participants having different agendas. Job of producer/trader is to take advantage of the opportunities it gives.
No new selling after Jan report, funds on sidelines, history (4/5 years of underestimated demand) and add production uncertainties via weather..so what started it? Maybe just all was bear "ed" up like last year. | |
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