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South Central Iowa | We about took it out the bottom day and that may have fulfilled it; striking $8.41'4 basis July. But that price was the lowest in a decade. So we are low already.
I had a target band of $11.60 high to $8.28 low four months ago. We would have gotten to the high number and filled a continuous chart gap as well as expended the measurement... Then trade talk came along and here we sit. This fear monger over lower, it predominately already occurred. We're $3 or 25-30% lower than where I believe we would be otherwise, at least technically.
$7.50 can work for me with good yields, I'm 20% sold, wish it was more, but there really wasn't a reason to book what I don't know I'll even produce in Mid-May. Then trade talk ignites a collapse; such is life sometimes.
The corn looks a lot like it has for 4 years. Everyone should be able to handle it. | |
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Chart Guys wow do we sit going into this report
