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| Know we have harvest pressure, end of the ethanol cycle, unlimited supplies, no domestic demand, foreign competition, better hybrids that make corn grow in Rockies, etc., but just wondering if it is even worth even considering storing corn or if a guy should take his remaining unsold uncontracted corn to town and sell it? I am approximately 1/3 unsold on corn.
I have been leaning towards holding it for the traditional Spring or Early summer rallies, but just wondering what some of you better chart guys think the upside is? I suspect that these prices will buy less corn acres next season and that the lower prices will stimulate some increased demand. So, I do expect a rally, but what are we really talking about in terms of an upside price objective?
Not so much interested in what folks want it to be, but more interested in what the likely scenario is from a technical rebound chartist's standpoint.
THANKS in advance for your replies | |
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What is the Upside on Corn?
