Posted 8/13/2007 01:11 (#186551 - in reply to #185943) Subject: Re: Here is the Report
The national average will probably be closer to 145 than 150 by January. There will be a need to ration demand because the USDA has it understated for '07-'08. With rising inputs you will have to get '08 corn close to $5 to keep the same amount of acres that we had this year. The fall low could be in place right now. Higher prices to come IMO.