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North Central Illinois | Buck, I think what he meant was that there are a lot of guys that are sitting on a lot of corn yet. I talked to my local buyer the other day and asked him how much old crop corn was left and how much new crop was contracted. His take is that corn that was stored in town is getting pretty much moved out but that guys with on farm storage are sitting on a pile of it! As for new crop he claims that he has bought very little new crop. That is what is scary. A lot of guys are talking about markets going higher because they need them to go higher. When everyone needs it to go higher it seldom does. I agree with you that I have heard very few anylysts or marketing guys that think this thing has much upside potential. | |
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Talking about corn [ coup]
