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EC Nebraska | I looked at it again this morning. Its on the town hall market blog. To be more precise, the study looked back to 1970 when there was a record crop and a big market drop like this year. They used the futures price on Sept 30 and December corn on the following Sept 30 had an average increase of 27 percent. Their were 13 analog years in the example. 10 years the prices exceeded this, 1 year the prices were the same and twice the market was lower The examples when the price was lower was in the 1980's when we had stock to use ratios that were way above where we are at this year. Point is, their is data to support that we are not going to stay below 3 dollar corn very long. | |
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Corn bottom nearing...
