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Central Iowa | I know many are in a euphoric state after a bullish(non-bearish) report, but in all reality how much upside are we looking at in the corn market? I seems to me we've given ourselves a chance to test the upper part of the recent range($4.50) but I can't see pushing much higher than that in the March contract. Maybe we see fireworks into the planting intentions #'s or a serious drought story this summer but that's a big IF. Also the bean deal, although the ending stocks # continues to seem fishy, it seems like the bearish SA production story happens before we get a chance to create a bullish story. Can we see $13 March beans again given the information today? I would love to get bullish but just don't see it yet.
Edited by ioway 1/10/2014 14:18
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Realistic upside?
