New crop Corn remains well below its 33 month Trend line of Doom. I don’t see anything baring an act of god or nature that will let us see 6.00 corn again for a very long time. We’d have to get a 4th year in a row of drought. That seems very unlikely to me.
CZ looks bound and determined to go down and get the $5.00 print. Today’s low settlement at $5.35 was the lowest in 10-months.
Corn has just had a baby, lol.
Old crop CK made a new low for the move CK has dropped $1.11 in 6 trading sessions. 15 % […]