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Veteran Advisor

As for the corn market

A corn trader that sees the world through a technical lense offered up these thoughts, going forward, for the corn market.

 

"Yeah, as I noted back on Jan. 21, 2020, I like corn to go back up to $4.00 per bushel, but that it would initially meet resistance. We are in range of $4.00 and $3.67. Which, if we close under $3.77, on Friday, we will test that lower area. Right now, nothing says break out above or below this range," he says.

 

Mike

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3 Replies
Veteran Advisor

Cash corn

Cash corn in areas of use costs quite a bit more than futures quotes. 

Say it takes bout $4.55 to 4.70 to lay in corn currently. 

Even so it's still cheaper than feeding wheat. 

 

 

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Honored Advisor

Re: Cash corn

watching "world" futures and marketing local doesn't make much sense.

Basis and cash trade are very disconnected from futures watchers.  Grains act more like cattle futures these days.

Veteran Advisor

Re: Cash corn

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