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Buxton ND | For me its just 2.90 was the low the 2nd Friday of December 2008, cash corn that day was $2.22 The winter wheat's have blown out this low. Toss in money flows, IF, not saying they WILL, but if they print a new all time record net short 2.90 is a cake walk. I refuse to look for numbers this level unless forced to. Winter wheat's HAVE blown out old all time record net short levels this past summer, one sheep thru the gate the rest usually follow.
From same time frame 2008's low in crude was under $33, we blow out that old lows last winter. The last many months OPEC talking production cuts/freezes, cuts no cuts yada yada yada, cuts no cuts yada yada yada, cuts no cuts yada yada yada about all what it does if give crude some news to trade up and down sub $50. OPEC could run the show back the 1970's,,,,,,,,,,, NOT TODAY.......... OPEC talks/cuts/whatevers has gotta to be a laughable subject in tweeter. Then Iran,,,,,, they want their market share BACK,,,,, I don't think they care what OPEC says.
Yes E plants have/are/will grind full stream again, E exports are the bright spot this is countered by our local farm gate cash corn price. Plant making money, not a huge amount but doing pretty fair. | |
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3 bucks or below ?
