Corn 10 year charts
CZ made new lows on September 18th at 342.5 but has bounced back to 365.5. Now 23c off the lows but 63c off the late May highs. Wet weather is slowing down the harvest in the WCB and helped provide price support the last week. More rain early this week........then it dries out and harvest will accelerate. How will increased harvest pressure effect prices?
Lows are likely in?
USDA report out tomorrow!
Corn historical perspective:
Who remembers $8 corn not so long(5 years) ago
3 month below December contract
1 year below
5 year below