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snugly60031 2 posts  |  Last Activity: 6 hours ago Member since: Oct 6, 2000
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    Pullback Today on Corn Price

    by snugly60031 Jul 14, 2015 6:05 PM
    snugly60031 snugly60031 6 hours ago Flag

    What a difference in 2 weeks since I posted this. Here in N. Illinois corn looks very healthy. Warmer, drier weather has really made a difference. We are starting to need some rain now, but that is forecast for tonight. I doubt price will get to last years lows, but IMO will certainly be weaker than I had anticipated 2 weeks ago.

  • My feeling is that the pullback today was just a correction after a long run-up. I believe the excuse was USDA keeping yield unchanged. The reduction in excellent crop acreage was stated, but no reduction in yield. Interesting. I believe we will see $5 corn by September, and even higher eoy and next year. JMHO.