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Is there enough steam in this rally to get to 5.30 corn, 5.60 corn
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Cole Sibley
Posted 8/26/2013 11:27 (#3290001 - in reply to #3289955)
Subject: Re: Is there enough steam in this rally to get to 5.30 corn, 5.60 corn



I expect a profit taking from whoever 'they' are in the next day or two, and then a slow grind sideways into next week, when we will see another weather spike (could be up, could be down, depending on the weather). I think this is short lived unless 'they' (whoever they are) can cause a panic buy by a real end user like China. Just my opinion, I know the heat is hurting a lot of guys, but there are a Lot of forces at work here. I'm selling some corn and wheat today for sure, undecided yet on beans (I don't have many beans and they are not in the bin yet). Just my $.02
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