THis is from June but it kind of shows we are already trading a 165-170 bu/a yield. The fact is we have way to much corn and a few hiccupps aren't going to cause a large rally. Even a 137bu/a yield as illustrated only gets us in upper $4 range.
Might point out that Farmdoc piece was published two weeks prior to the June acreage report. 5 million less acres of corn may change their equations a bit...
What was the potential of this crop
