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| I've been a little busy lately and I just heard the ups truck pull up with parts so I'm about to be busy again, but last time I checked fall corn in our area was just hitting $4. Now it's $4.23 (.44 basis - yikes). Is this all on the strength of a few lower yield numbers? There is certainly enough yield to fill the pipe line and fill all short term demand - usually that results in price backing off through fall until harvest wraps up, but is that going to happen? How do we play this? Are better yields ahead, so get up to 80% sold because the price will tail off from here? Or, wait because the crop isn't there, every survey was/is wrong and the price is going to $5+ and my previous 60% sold now is 80% sold?
Thanks,
Pat
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Wasn't corn supposed to be down 5-6 today?
