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NW Indiana | In the bulls defense you were saying the same thing from the December high to the January low, so was I. Lower highs and lower lows but yet the Jan report managed a respectable rally. I personally have become torn on which direction the market is heading because demand is impressive but supply looks to be ample. I think this is why the market isn't really sure which way to go at this point. One has to respect the price levels we have seen considering the size of crop we just produced. If we were talking an 18 month view I would have to acknowledge the bulls from this point because demand is strong enough we can't afford much of a hiccup. I hate talking weather this early but it is hard to ignore the unseasonable weather this winter. | |
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Looking good to be long
