Jim's video tells it all... "when the corn is as high as an elephant's eye..."
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The wheat complex posted losses across the three markets on Friday, following a larger than expected production total. Chicago SRW wheat was down 9 to 10 cents, with September down 11 ¾ cents this week....
Soybeans posted Friday losses of 6 to 9 cents on the session, with futures failing to see bulls show up after USDA data was released. August soybeans dropped 51 1/4 cents this week, as November fell 42...
Corn futures failed to see much buying post-USDA data release on Friday, as futures slipped into the close with losses of 3 to 5 cents. September closed out the week with a loss of 24 ¼ cents, as December...
The USDA released its WASDE report for July this morning. Where is the price of corn headed?
In my opinion, we are in the midst of discovering to what extent some will go in the attempt to maintain, or gain in market share.