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Corn & bean charts look solid post negative USDA report
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John Smith
Posted 3/10/2024 07:40 (#10659612 - in reply to #10659073)
Subject: RE: Corn & bean charts look solid post negative USDA report


South Central Illinois

So,
The Spring Rally has started.
How long will it last?
How high will it go?
Seems like,
A 50% retracement will be the max.
How much of this is realistically possible?
We went backwards with the drought monitor last week.
2.1” was in the forecast, at one point last week.
We Actually received .7”
So about 1/3 of the forecast was actually in the rain gauge.
About normal for this year.



Edited by John Smith 3/10/2024 07:45
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