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WC MN | Can we see December corn under $4 futures? If report is bearish and no major heat is forecast going into 4th of July what is downside risk here? I don't agree we see 181 national yield but the market is short and in control with a non threatening forecast at the moment. The $4.50 floor will now possibly be resistance for the next few years? Can demand increase enough to bail us out? Wish I had more answers instead of just questions. I guess best thing to do is detach for awhile and let things sort out. Maybe have some orders in around $4.75 just in case..... | |
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