Re: Corn prices higher

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In Response To: Corn prices higher ()

Matt:

Of course you are going to see good corn in upper IL and wisconsin (that's were all the rain is) There is a drought...the entire ECB is at least 15 inches deficit. Next week's rain won't even pollinate a Chea pet. There will will be at least 1 billion bu loss in production this year...and there will be no way in Hell (not sure if you understand that term---lol) that 166 bu an are is going to happen. Crop condition will continue to drop drop like a rock in Indiana and Ohio....as well as many other parts. After we get past the 29 acreage report (USDA will find some way to make it bearish) high prices into next year for both corn and beans. The corn market has received to much propaganda from hog farmers and commercial interest. The carry situation is going to be much tighter going into next year....even with a bumper crop. Demand will make sure of that. This is not the corn market of yesteryear Matt. LOL