Looking at a the tops and bottoms for CORN over the last 2 years, this could see 45 in a heartbeat, and 40 in a week or two.
Why did CORN go up 5% this morning. That is a huge move!
USDA Report out this morning:
Corn Stocks (as of 9/01) 988M Bushels vs 1.13B est.
Corn jumped on the news after many traders had been liquidating positions into the report.