Corn Crash!

so where does it go from here? limit down tomorrow?

 

-physical demand is down
-long only funds are being sold to cover losses on equities
-Ethanol plants can't keep up with the margins so are being forced to sell their futures and close for awhile

I am looking for a bottom formation

 

Corn is too valuable to turn into fuel. Plastics, sugars, livestock feed, human food......corn based ethanol is a joke.

Corn is grown with fertilizer...Arabs sell us the fertilizer...where's the energy independence in ethanol ??????

Make it a free market and get the gov out of it. That would lead to solutions.

Give tax credits to consumers not oil companies. 51 cts per gallon blending credit was bs. Give a taxpayer a break for using clean energy, and the demand will come.

Recent drop in corn was a blessing. Will insure longer term demand. 8.00+ corn was on it's way to screwing all end users. They are breathing again...(and more importantly...BUYING).

Cheers
GM

 

Corn around NE Indiana and NW Ohio had better get some rain soon or we'll have problems on the other side.

No idea how things are in Iowa and elsewhere though.

 

West Central Ohio and East Central Indiana is seeing a lot of corn firing which isn't good. The corn itself looks good but that will cause yields and quality to drop.

 

I hear there are some bankrupting margin calls out there for the users i.e. feed and ethanol

 

Help.

I admit I need some spoon feeding, and when others ask for it, I usually tell them to do their own research.

However, I do need to enter a trade quickly that depends on knowing with some degree of certainty whether livestock feed (mainly corn based) will rise or fall over the next several months -

and I did do a ton of research last night and today and am getting more confused, not less so.

Any help would be appreciated.

 

Sorry, I don't know about the direction of prices.... however I do see that animals are again being placed so feed demand should start accelerating. Keep in mind that the Ethanol plants are producing a lot of cheap protein in the form DDG's, much more than the export markets are willing to absorb.

 

I got burned so severely trying to pick the bottom in corn a couple of weeks back (actually got out in mid $5.00), that until this oil-driven dollar bubble subsides, I don't see myself touching ANY commodities with a 6' pole.

 

I think it's time to get in on corn along with other Ags. Limit up across the board - and wheat seems to be pushing to go up for the past few days.