Isn't this normal?
This time of year reguardless of supply and demand,yearly chart over chart has a significant sinking about the 1st of april.(helps spread it around for everyone!)
Re: Isn't this normal?
You guys need to adjust the definition of "Normal". The years after a major drought have their own normal that is very consistent. Only thing not normal about this year was the fact the Jan stocks report was so far off (if this one is accurate) The down move should have been in Jan/Feb if the NASS boys would have done their job correctly.
Regardless of opinion, I'd just suggest that you do the statistics on the years after drought. Droughts insert so much energy, in such a short time, the markets have to react and cannot overcome the splash back, making it more predictable than normal.
PEAK CORN!!!!!!!!!!!!!!!!!! Argh.... MT seems awfully quiet. He might still be correct, but price is determined by 2 factors, supply where MT talks like he is a specialist, and demand. Demand is more volatile than supply. Not in bushels used each year, but rather in "expressed" demand which includes spec money flows. Thus, price does not always, if it ever did, revolve only around corn production which is the only thing that "Peak Corn" considers.
TIME to leave to get the tile machine running. Have a great day everyone. Simply gorgeous out here in Ind. Very wet, but dry enough to bury plastic. Ground temps (based upon the water temp making connections) must be WAY BELOW normal. It is cold out here.