It is a surprise you guys are able to keep your breeding weight as you talk out both sides of your mouth's. We don't need corn acres, we don't need bean acres, and we certainly don't need wheat acres. Beans rallied due to Argentina flooding last spring (their fall). Granted demand is there on beans, but the shift to Southern Hemisphere is vastly approaching. However I am surprised beans held in there as well as they have...
I guess nothing impossible, but to see 40 to 50 cent rally on corn on thin air is just plain silly. Give us a wet spring or hot/dry summer - then yes.
These statements made in the podcast were just wishful thinking based on "one's feeling". Things like we're overdue, or if market isn't going down then it has to go up are absurd. Corn been sideways for 12 months for a reason...we have too much.
Market needs a catalyst and that could be a wide range of factors, i.e. weather, govt, macro's... Specs are still enamored with equities, and are absent the commodity market. Until that along with the U.S. Dollar changing direction, I wouldn't expect much macro influences.
Prices will rally at some point, but I don't see the next 30 days as the window. If it does then I will be selling like a mad man cause I take an early present.