IMHO we havent seen any harvest lows. I have posted gaps and swing numbers before and I'm still sticking to down side targets. Dec corn 353 and 331.75 and 306.
Now I'm not saying BUT on the weekly corn chart there is a cup and handle formation. Range was 406.25 low to the high of 522.75. With the gap on the weekly chart at 406-409, taking 409 that swing number comes in at 293. Again its just a number and technical number BUT
I'm still in sell rally modes. One can even look at July corn. Sell the front month gap area 406-409 if the July contract trades there and then 422 which is unchange for the year 2014. All sell numbers for the July contract.
Possible hedge plan. IF your going to bin your corn look to sell nov 2015 beans as a hedge against your corn. Do 25-40% coverage. SA is planting more beans and I could see we US farmer planting 87.50-89 mil acres of beans next yr too.