Corn NUTZ
- Thread starter johnnyrock
- Start date
Acreage planted is at an all time high, but the weather has been wreaking havoc on the crops this year. Demand is important too but I have yet to find any concrete info.
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Exports do not seem to be as strong. The Trump effect? World supply increasing?
https://www.elitetrader.com/et/thre...ity-of-the-world-economy-in-one-chart.311511/
Oddtrader posted this chart in the thread linked at the top of the page. The "demand" side of the equation looks bleak.
I need to do some research on Southern rust and Northern corn leaf blight and see how devastating that may or may not be. That is the only way I see prices going up and staying up is if the crop comes in short.
Oddtrader posted this chart in the thread linked at the top of the page. The "demand" side of the equation looks bleak.
I need to do some research on Southern rust and Northern corn leaf blight and see how devastating that may or may not be. That is the only way I see prices going up and staying up is if the crop comes in short.
Ferez is right
I was looking for a reason to buy corn, but acreage planted is almost 91 million.
Prices could still go much lower.
I was looking for a reason to buy corn, but acreage planted is almost 91 million.
Prices could still go much lower.