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$4.75-$5.00 CORN ? ....TRY .....$5.50-$6.00
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djmcountryboy
Posted 8/30/2010 20:45 (#1339348 - in reply to #1338312)
Subject: RE: $4.75-$5.00 CORN ? ....TRY .....$5.50-$6.00


Mascoutah, Illinois
I am not trying to poo poo on anyone's price targets but I am going to be the voice of reason. Remember in 2008, folks were leveraged anywhere between 30-60 to one when we saw record prices. I don't believe the ammunition (fund money) is there to take us over $5.10. The one silver bullet which could change my rational is if the treasury bubble bursts. We could have plenty of money available to take us over my $4.90-$5.10 target.
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