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Is December corn artificially high?
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badjaccs
Posted 8/28/2017 19:44 (#6215499 - in reply to #6215461)
Subject: RE: Is December corn artificially high?


Missouri
I don't want to argue but, there is so much corn moving in this part of Nebraska there are not enough trucks to haul it all. I know one neighbor just 1 guy that has 30 days to move 1 million bushel. I know 5 others that have at least another million to move in the same time. Cargill is out of the market No bids at all. Cash price here is $2.79. No one wants it. I am serious. I got a phone call to buy corn as I feed some. There is so much corn in bins around here it is not funny. Again maybe this is very local area, but I have never seen this many trucks on the road except at harvest. Incredible. If anyone on this board thinks corn is going up they are nuts! They can show me algorithms and andrew lines and retracements, bla ,bla, bla. It will not go higher no way no how. Maybe if some weather scare next spring but not before then.
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