Hi Limitup, All
I'm not chasing you here on prior comments. I'm just trying to understand this market a bit.
So what are the thoughts ???
Corn price CZ12 is staying below $8, basically trading between 750 and 800.
Is this starting to say that the crop is SO POOR that no matter what the harvest a bushel of Corn won't be worth more than this range suggests due to the condition of the crop ???
Or that those "rocks" you mentioned a bit ago are going to give up enough moisture to support a crop commensurate with these prices ????
OR ????
i'm just surprised that with all of the "gloom and doom" that prices are staying where they are ???
Clearly markets "do what they do" but eventually it has to come down to what that bushel of corn is really worth !!!!
Any thoughts on what is really going on ????
Thanks, Lee