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| What the market is telling me is we have traded sideways since the flooding started in April and may. It is clear on the charts. Long term old resistance in corn was at 4.50 since the 70's boom. It makes sense the fund sell between 3.50 and 4.50. Until we know the size of the crop coming out of the field the funds are not going to buy it. When we know for sure we are below one billion bu carry out we will attack the 5 or even 6 dollar mark. 3.18 is just a pipe dream. Btw if the charts wait until the fall to rally last years crop still in the bin drops on the merchandisers lap. The old saying is grains rally when farmers don't own the grain. That's is what the markets are telling me. It was no different from 93 or 2010. Here it is again.
Edited by cornbore 9/9/2015 14:52
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Fundamentals always take over
