mark guildenzoph 07/12/2013 @ 10:46am
Well 20+ cents down is not showing signs of a continued rally. I sold 7 dollar corn in may and 16dollar soybeans in April so I would say that this market is terrible. Late planting and weather issues all over the corn belt makes me believe that this will also be a poor harvest. However every time a report comes out it seems it doesn't matter what the crops are doing everything is speculation. There is no reason for the rally except that the prices should have never fallen this low to begin with. It will be hard to break even with prices this bad its a good thing no one I know even has any grain to sell. With the stock piles thinning hold on to your hats because I for see a lot of disappointed farmers with the conditions of the crops for this harvest.
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