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Mascoutah, Illinois | I believe the USDA lowers their yield number, raises corn acres a "pinch", and the corn market sells off 17-20 cents. All of the catalysts have already been bid up in this corn market. The lone hold out is the USDA. They are late to the party but it will not matter. Strong exports are the key to this market going higher, not a USDA Report. Now if they released a shocker of 155bpa, it would be a whole new ballgame. However, it is not going to happen. Today was a day to make sales based upon the price action. Just my humble opinion and I hope I am wrong for the sake of the producer. | |
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Will we see a 5 in front of corn tomorrow?
