Published on: 09:15AM Sep 23, 2010
It is my opinion for corn to move higher we will have to see solid confirmation that corn yields have declined below 160 bu./acre. This is what the trade will be looking for in the October USDA Supply and Demand report.
Right now, there is a building group of end users and speculators, who are going to be very aggressive buyers in the lead month corn between $4.80 and $5. I have to say the downside risk in old crop corn is limited at this time. Therefore, if you have any remaining old crop corn in the bins, one should continue to be a slow seller.
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