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Overnight corn is pounding higher, could lock 45.....nt..
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maxflex540
Posted 3/31/2011 20:19 (#1701490 - in reply to #1701313)
Subject: Re: Overnight corn is pounding higher, could lock 45.....nt..


NW Iowa
I read there was over 800 million bushels worth of buy orders left unfilled today. I've never heard of any correlation between a daily price movement and bushels bought or sold, but it sure seems like nearly a billion bushels purchased would push it .45 higher.

I would maybe "half-agree" with the statement about "all the bears" because it seemed like they were coming out of the closet around here the past couple weeks. Having said that......

I am glad this is a place I can come to learn such a wide array of opinions, most of which (not quite all, but...) are backed by good logic and maybe some technical or fundamental support. So I beg everyone to keep up the good postings, but please don't turn this into the combine forums board where every thread was a big stupid argument.

I used to prefer the machinery talk page over this one, but it seems more profitable (literally) to follow this one more closely.
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