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Starbuck Manitoba Canada | dmswil, I am bearish but have also stated that a fairly strong rally will most likely occur say corn $1.00-$1.25, beans $1.50-$2.00. most likely will have to happen in the next month or two. If/when it does taking corn close to $5.00, beans to the $13.00 gap sell hard. Of Course at that time it will look like both have every reason in the world to run another dollar or two.
Was hoping corn could close a gap at the $5.37 level, so that is the max rebound I see.
Beans may hit $14.00
Edited by Pitt 2/5/2024 13:14
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Positive for grain
