Hey I am still on the side you need protection on the corn..we are pricing ourselves out of the global market..
..
Stks were bearish and likely to add 200 mil to the 19 c/o,..20 demand # printed are the best they will be.
Market is juicy cause of wx and reacting to the surprise in acres...there are "lost" acres that will get put back in later.. and that will likely help flush the mrk in the fall.
Funds like to move in 3's and this is day 2..so still have trg 3.74 cz. 200 day in that area as well. Above will take new fresh buying from specs to accelerate.
Just food for thought...remember how you felt last 2 wks...now there is optimism.. take advantage..stay nimble.
Corn
