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Corn Crash!
- Thread starter simpleton
- Start date
Quote from simpleton:
Ok so Simpleton might conjure up an image of a brain challenged individual but my opinions (which may be a minority at this moment) are stupid because they aren't the same as yours?
And to top it off, you don't even trade this market! You're a joke.
I've traveled across Iowa twice in this time period
i have a relevant opinion here
you're just a dime a dozen ET top caller
Quote from LT701:
I've traveled across Iowa twice in this time period
i have a relevant opinion here
you're just a dime a dozen ET top caller
Top and bottom calling is so much more exciting and invites much more debate.
Anyways, if I lose 20k on this trade then that should satisfy you enough.
Quote from simpleton:
Top and bottom calling is so much more exciting and invites much more debate.
Anyways, if I lose 20k on this trade then that should satisfy you enough.
so what's your thesis?
someone named 'simpleton' observes that corn spiked on weather in 96 then dropped?
big deal - flooding WAY worse than that, and not even close to being over
oil way higher, and corn/oil markets converged because of biofuel
globalism way more advanced than then
because of the recent flooding a lot of corn, bean, and wheat crop is ruined in the midwest meaning that the lost farming area from the flooding cannot be useful again this year. a decrease in supply will only keep driving these prices up. i don't know how high they're going to go but i know one thing and thats that these markets are not topping out anytime soon!
Quote from HAWKEYE230:
because of the recent flooding a lot of corn, bean, and wheat crop is ruined in the midwest meaning that the lost farming area from the flooding cannot be useful again this year. a decrease in supply will only keep driving these prices up. i don't know how high they're going to go but i know one thing and thats that these markets are not topping out anytime soon!
Yup, USDA comes out and states that over 40 percent of the corn crop is damaged and we just began the season.
First we know that the USDA is pathological so consider adding at least 20% on to their figures.
Now simple (not being funny with that term) supply and demand figures show us that demand has increased by 8% year over year and that doesn't count the idiot ethanol producers.
Common sense dictates where corn prices go from here people and it isn't down. If it does pull back it WILL retest the highs.