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TFC Commodity Trading Forum

Re: C o r n Warning! / Limitup
In Response To: Re: C o r n Warning! / Limitup ()

It was a joke...you know...go head make my day. Meaning: you are going to your head blown clean off if you short corn. Corn should go a lot higher if the market is about real price discovery. I can't get a read on index funds right now....that is the wild card. They may just stop buying, because of fear from the government might shut them down by buy imposing position limits. Again we are seeing true price discovery being manipulated by the govt...this is why we have been sorta flat the last couple of days....when we SHOULD be lock limitup all week. The actual USDA production calculations this year are going to have be based on crop insurance (it going to take a lot of time)....the USDA will have to defer a final number until maybe as late as January 2013. If and when we retrace, it will not until the new marketing year. Me thinks not because demand is strong...and no carry. Downside very limited (as i was saying since 5.10--LOL)