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| I believe this was mentioned in a reply below, but it is worth re-visiting.
Quoted: "Goldman Sachs upped its targets for grains over the next 6 months. They are now targeting $10 wheat, $6.50 corn and $15.60 beans within that time frame. One trader told me yesterday there is a lot of belief in that $15 market. It's very quiet now on the floor. Beans are down double-digits, so is wheat, and corn is down 6 cents. They tell me the equity markets and the dropping crude prices are applying the pressure."
Is this an opportunity to get in at a slightly lower level? Once the initial acreage report surfaces, will things get crazy again? I think the market is looking for any reason to maintain the bullish charge. These "selloffs" aren't even "selloffs." Anyone else agree?
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Grain Target Prices
