If you studied funnies...you would know it will never go to 785...unless the USDA seriously f'd
up. The may contract is just making up for some basis lost from the March contract.. The only thing hold up corn right now is the lack of farmer selling. I would bet that it will show up the quarterly grain stocks report. Anyway, everybody is going to be dropping logs on the 28., then focus on planting intentions. They are already planting in the Delta...so what does that tell ya. There is no demand for US corn. The bulls have played out their grain stocks card to long...Farmers better start selling now, because they may get a big chunk out there arse looking for growing season high. I would not want to be long into that report. If index funds are even smart enough to know what corn is...they will peal of longs ahead of the report.

L.