Posted 1/12/2017 09:20 (#5762290 - in reply to #5762266) Subject: RE: "$70 Crude.. $5 Corn within 18 months." Jon SCKs 1/12/17.
NW Indiana
I don't know why he thinks crude going up will help corn that much. Will it lift the ceiling on the potential corn price? yes but we are not going to use an additional 500 million bu of corn just because crude went up $15. Maybe his prediction is based on the 2012 drought he feels is coming.
Saudi Arabia cuts production below 10 myn bbls per day.
