|
NW Iowa | plan and simple oil is down. We have plenty of corn, it was tied to oil when it went up and is doing the same on the way down. Crude is $87
Crude Oil is the pressure factor, money is flowing out ahead of the weekend, with the President looking over the proposed agreement between the US and Iran.
CFTC data from Friday afternoon showed managed money slashing 87,850 contracts from their net long position in corn futures & options in the week that ended on May 26. That took the net long to 205,504 contracts as of Tuesday. | |
|
Why the big drop?
