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5 reasons corn won't go to 3.50
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SodbusterIII
Posted 2/17/2024 09:49 (#10627180 - in reply to #10627035)
Subject: RE: 5 reasons corn won't go to 3.50


1) Funds are super short ( as mentioned)

2) A lot of time for a weather Scare ( almost always is one of some sort)

3) Brazilian Harvest is nearing 50% complete (less selling pressure )

4) After Chinese New Year we see a pick up in buying from them ( something that resembles demand )

5) USD weakens ( not sure what might cause maybe the world looks at our governments inability to function at a very basic level )

So there you go not sure what probability these have, but it is where I look at to keep hope alive.
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