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South Central Iowa | Yes, I agree Tex. You can see in the two lower charts the red line cuts off the weather premium of last summer. That short, little mountain was it, haha! The Dec 17 didn't have enough of a bump so I made it into a horizontal line. But that $4.16'6-$4.17 area is what I am hopeful for as the full extent of our current run; I think it is a doable goal. If March is to reach the top of its channel in the next 5-10 days before it leaves us as a useful contract, it will need to run 16-17 cents, which of course would correspond with December running up to that area. | |
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Corn Targets and Charts
