Record Corn Update
Every single time that I write a post about historic high corn, it seems to get even higher. There are record flooding going on in the corn belt and we are at the tightest ending stocks in history. The real question we have to ask now is how high is high? We all assume that these levels cannot be for real and corn and food prices are setting back. All I can say is that records are made to be broken.
The stage is set for some excitement as we run through these 500 year flood records and tight corn stocks. Commodities are rolling and while they may end at some point, the trends are up now. Picking tops are like catching a falling knife or a falling safe. It can be done, but proves to be difficult.
Corn has 3 months over $8 a bushel now which is just breath taking….