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| when you boys thought hedgie was in a bind and we were rocketing back to 5??
What you witnessed was a small short covering rally. No new buying IMO. Corn market in tough shape. Futures lows may be in for a while but cash prices will probably stay same or go lower as basis widens. Remember corn bull is dead. all your seeing is small bear market rallies . Barring a drought in 2014 this wont change. Plant the whole country side to beans in 2014 it wont matter. All it will do is assure there will be no where left to run but corn in 2015. | |
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remember last friday
