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S Illinois | I would argue corn price action since Aug 2024 has been demand led. This demand hasn’t resulted in $5 being justified but has put a up trending floor price from where those Aug lows were. The 6 week break we saw was a return to that demand led price level. Now with weather threatening trend yields, a premium has to be put back in.
The question will be does demand slow faster or further than supply. This will cause prices to run higher than expected. If the supply worry was overplayed, prices will fall back. | |
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Rally with the stamina of demand.........
