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NW Indiana | The market hasn't priced in the likely outcome if the forecast holds true. The funds are still heavily short. Did you see my thread about the 2012 chart? I would expect another move this week with another shelf. Rinse and repeat. Imo the market won't be comfortable with anything below the thought 88-89 million acres are going to be planted. Timing of that is impossible to predict so therefore imo so is price. A parabolic short term move can't be ruled out in early june. The prices you mentioned to get you to keep planting are very realistic imo. | |
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4-6 Million Acres of Corn PP
