SE IA | RayJenkins - 6/12/2012 09:36
if these responses are a microcosm of thought, I would say farmers are not nearly as bullish $6 Dec futures as I expected.....and eventually expecting lower $5 Dec corn futures, even with a shortened crop.......at least that is the way I am reading the tea leaves....
I look at that as a definite possibility. This may not be the year, but something will happen, and we will see how low corn can go. It's been a great run but I am old enough to have seen the cycle run up and down before. It will be a bloodbath and we'll see what everybody did with their windfall profits in the good times. |
USDA report corn yield left unchanged at 166
