Can anyone tell me if July mini-corn traded below 720 ?

Isn't demand destruction an issue with corn?

I mean, ADM doesn't even want to mill the shit if they have to buy it on the open market now, because they'll lose their ass.

Ethanol plants want larger subsidies now, and are ramping down utilization.

Cattle producers are selling off cattle because they can't afford to feed their whole herd.

What's up with corn, all you cornholios?
 
Quote from ess1096:

Instead of your 2 mini corns, which are very illiquid, why not trade 1 full size and add the benefit of much more liquidity?
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I have a very small account at OptionsXress, which I should probably close. But it has enough margin for mini-contracts so I decided to give it a try. Of course the big contracts are the better choice.
 
Quote from ByLoSellHi:

Isn't demand destruction an issue with corn?

I mean, ADM doesn't even want to mill the shit if they have to buy it on the open market now, because they'll lose their ass.

Ethanol plants want larger subsidies now, and are ramping down utilization.

Cattle producers are selling off cattle because they can't afford to feed their whole herd.

What's up with corn, all you cornholios?
More...
These factors are probably affecting the market in the medium term. I trade for short term profits so I stick to technical analysis. The market could be up three days from now and down a month from now.
 
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