Another Leg Down for New Crop Corn

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 % […]