Dawn, Missouri | Citi Farms - 6/23/2020 20:02
Only 93 million acres planted at 92.1% harvested at 172 yield (4th best ever) and 20/21 demand projected only down 100 million bushel with lower production tied to ending 19/20 corn stocks of 2.050 billion bushel due to less ND corn crop and the dollar going to 95 could lead to a $.30-$.40 rally on Dec corn.
A lot of stars need to align.
Agree fund short covering another needed factor.
Good points. I'm more concerned that the acres are there more than the big yield. The dollar is dropping and although IL, IN, and Ohio picked up some rain. Many areas didn't get that much. and they have been dry lately. It this wind keeps blowing things can change pretty quickly. If we don't get the rain they project for this weekend and the first of next week in the corn belt things might get interesting! |
Paint me a corn bull
