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How long does corn hang at $4 before it drops?
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Posted 1/11/2019 15:25 (#7237886 - in reply to #7237865)
Subject: RE: How long does corn hang at $4 before it drops?

It closed at 3.99 yesterday. 4.01 today. How much did planting intentions change?

There's room both ways right now, with no known info on 2019 production. Keep calm and carry on. There's enough unknowns to keep us over $4 until acreage report at the end of March, assuming the government is open by then. With tighter stocks, any dry weather is going to draw the price right back higher than we are today as well. The market is quiet, complacent, and damn near tired just let it sleep a while...
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