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TFC Commodity Trading Forum

Re: USDA: America exper biggest disaster/Limitup/A

Like i said...we should be a lot higher ...but because funds are afraid of position limit sanctions we will be stuck in a large range for a while (perhaps until regime change) Some say we in for in for a retracement....I say BS. Personally I think corn prices should be much higher, because only 20% of the corn is corn ...the rest some GMO mutation (including Brazil). The US has begun importing corn...so what does that tell you. This situation is not some technician telling us that this move up is just irrational exuberance in another typical weather scare. The USDA wants full control of price...and they will say or do anything to get it. This is the worst drought since 1934, they can't say it never happened...but you never know...the floods did not happen last year either.