mascoutah, IL | Pitt - 6/1/2024 01:32
I could easily say the rally is over, but there is still one more kick at the cat(possibly). Maybe one more try for the gaps.
I watched Edward Snodgrass post a picture of the Midwest showing what rainfall for the month of May each state ranked it terms of 133 years of data. I was surprised to see that a large chunk of the Midwest was in the 59-70 year mark as far the most rainfall. North east Iowa was on the high end ranking at one of the wettest but most did not stand out as a total wreck.
If we fail here I highly doubt it rallies again and Sub $4.00 on route to prices no one is ready for!
One thing about it is if corn falls below $4 there is zero reason to put any more money into it for this year. Most would have insurance claims. |
Mr.Grain
