West Central Iowa | IN555 - 6/18/2018 20:36
When that gap was made we were staring at a 2.4-2.5 carryout. Currently looking at a 1.6-2.0. It would take a 185+ yield to see that kind of carryout. I know there is more to price than that but I think you get the point.
no I totally agree
when making new lows I mean theres an are around 345-347 ish that Dec 17 corn hovered around for quite a while....
like say, I'm not disagreeing with ya just not sure where it'll catch in here... I'm less bearish....
and fwiw you'd have to add acres to get up to that carry-out depend if demand is tweaked.... I'm not going to argue on any of that as that's not the question in point.... just another thought |
Psychological Price Support
