Southern IA | SoDak Farms - 2/17/2024 08:46
The market being super short right now could mean we get a bounce as they unwind their positions. Then, depending on planting, early summer weather etc, if it’s good going, that’s where I see the push to 3.50 in August.
you don't think the days like friday where we get small dime and nickel pops aren't shorts slowly weaseling their way out of positions? If you're buying corn hand to mouth is it a better bet to buy a months worth of inventory today or take the chance it will be the same or less over the next 4 weeks minus the inventory carrying costs you'd incur. Going to take some wild weather that puts the fear of having nothing to sell in us to get a big rally going. |
5 reasons corn won't go to 3.50
