Corn Crash!

Quote from simpleton:

I can't see anything in this report thats bullish.
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That's because there wasn't. It wasn't Bearish either. As usual it was statistical information based on part of the information that one would need to make an informed decision as to market direction. The government doesn't want to make it too easy by putting all of the necessary information regarding grain outlooks in one spot.
Oh, I forgot. They don't know know where it is to begin with and can't understand when they find it anyway.
 
Quote from simpleton:

Corn bulls last hope is that the flooding destroyed a huge percentage of corn crops. Low 600's by August!
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Flooding DID destroy a huge percentage of the corn crop.

Corn will probably pull back until the August "Common Sense" report comes out telling all of the lemmings what those of us in the trenches already are aware of . . . that there will be a corn shortage in the Fall.
 
Quote from ProfLogic:

Flooding DID destroy a huge percentage of the corn crop.

Corn will probably pull back until the August "Common Sense" report comes out telling all of the lemmings what those of us in the trenches already are aware of . . . that there will be a corn shortage in the Fall.
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And when its all said and done it will probably just follow oil anyway.
 
Quote from Bingoking:

Unless the oil bubble bursts I don't see prices going down all that much.
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What would you consider all that much? A reduction in import tax on sugar based ethanol is not out of the question. It's a distinct possibility the longer oil stays high. The arguements for allowing Brazilian sugar ethanol into our markets are huge.
 
Quote from simpleton:

What would you consider all that much? A reduction in import tax on sugar based ethanol is not out of the question. It's a distinct possibility the longer oil stays high. The arguements for allowing Brazilian sugar ethanol into our markets are huge.
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I think that would compete against our ethanol "industry". With corn where it is our ethanol plants are going to have a hard time keeping their head above water.
 
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