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S Illinois | That spring 2014 rally was primarily due to demand coming back quicker than expected. From Jan 2014 WASDE on projected carryout fell more than 500mb. The market broke from its uptrend when the 2014 crop looked to be excellent.
The Dec 2015 corn chart should be the fear not 2014.
Edit: Carryout on Sept 1 2014 was put at 1.2 billion. The next Sept as prices remained practically under $4 the whole year was put at 1.7 billion.
Edited by w1891 7/14/2024 20:48
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Big mountain
