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Now that the new corn limit has been hit.........which direction will the first expanded limit go?
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dpilot83
Posted 5/14/2021 08:59 (#9004616 - in reply to #9004495)
Subject: RE: Now that the new corn limit has been hit.........which direction will the first expanded limit g



tmrand - 5/14/2021 07:47 I had meant to ask this same question about the initial limit. I had figured it would probably first go down 40 cents. Well now we've accomplished that. So which direction do you think the 60 cent expanded limit will be? I still vote down. Even though I'm ultimately bullish this market. Higher limits benefit traders more than farmers...............and therefore, they probably make most of their money betting against the producers. By and large producers don't short the market much. That is the basis of my reasoning.


I wasn’t watching close but did we even close limit down yesterday?

I thought May had no limits right now and I thought July closed down less than $0.40? 

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