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EC Nebraska | Just listened to a commodity speaker at Aurora Coops annual meeting at the fairgrounds in Grand Island. To say the least he is extremely bearish on the corn market. Baring a major drought he doesn't see anything more than a 30 cent rally in Dec 24. However, on soybeans he was much more optimistic. The fundamentals are NOT bearish He said the decline the past month is way overdone and in his opinion he would not price any Nov24 beans. He said the odds are quite high that you will see Nov 24 trade somewhere between. 13 to 1350 before next fall. | |
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My observation of the corn market
