I, like the rest of you, wonder at the current market prices. Seems like the market should be going up instead of down based on planting and current crop conditions.

One dark side of the market I have just thought of though is this - we are assuming when new crop corn was over $4 futures that the market had priced corn correctly at that time. It is entirely possible that the market was a dollar higher at that time than it really needed to be because of fear. If it was overpriced, instead of being correctly priced, then the market could trend lower to the "correct" price even though crop conditions are deteriorating. Those numbers are just an example, not any kind of prediction or even judgement. Simply trying to fathom why a market is going down when it would appear it should be going up.

It's a thought - maybe not a good one but a thought just the same.

John