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NE SD | jonny you put it in to words better than I did. The traders have to believe we will plant this huge # of acres until come hell or high water that we wont. And I have just started to think this way but I do believe it that IF these acres get planted and I think they will may be a little late but they will get planted. I just think this market has way more downside than upside at least until something major happens. Have read many farmers will not plant the extra corn since the market has dropped but I also do not buy that either. It is still finacially better off planting corn and whats to say that corn wont take off higher in the fall again to convince farmers to plant much more again in 08. I've turned bearish and the only thing holding it up at all is a couply rain events coming to the corn belt. | |
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Freeze Dried Markets ?
