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NCcorntrader
Senior Contributor

Re: From the floor July 13

Mike-

 

I just looked at some POET plants in Ohio that are paying $7.70 cash. That has to be supporting these markets as well.

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marketeye
Veteran Advisor

Re: From the floor July 13

glenlivet18,

 

One corn trader says, "Weather and signs of funds re-entering the farm markets have produced a rally. "The near-term crop-weather looks hot and dry. Plus, old monies may be coming back into this market," Bedore says. "A market like this brings fund money back in faster. If we have substantial buying on the close, we will know the fund money is coming back. The closing activity will be key."

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Re: From the floor July 13

I checked Poet's website here at 5:00PM...They are now paying .90 over the Chicago for July delivered corn...and .95 for August. Price at 5:00PM was 7.77 July delivery.

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