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Brock on agday this morning
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Pat H
Posted 7/19/2012 07:59 (#2493988 - in reply to #2493957)
Subject: Re: Brock on agday this morning


What no hammer? We have some crazy volatility right now and folks thinking that the market must respond to our fundamentals is a mistake - it doesn't. Taking advantage of these historic prices is not a bad move unless your break even is $9.50 (per bu corn). Personally, as fast as this market moves, it's going to be old news and all over by late fall. Especially if SA has any kind of decent crop progress. $8 may come around again, but not until there is a problem next year. We are not out of corn.
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