This rally was all fund short covering no matter who you talk to. Low carry out of old crop supplies in Brazil and weather problems in the area of double crop corn have added to the number of people that were short. This train has been running full steam ahead for over a week. When and where it stops nobody knows but it will be a train wreck more than likely. Well the train went off the tracks on Thursday as the funds got their shorts covered. Damage has been done to basis as large amounts of corn moved in the rally. Sales above $3.60 cash are probably going to be good sales again.
Give me a call to talk about putting some offers out there.
Due to the large volume of corn sold we are now buying August corn and beyond. We are full for May, June and July.
Click on the "Cash Bids" link below to see our current cash prices.