Son of Butch":mgn8t2ni said:
Chicago Market
7/14/16 Corn closed at 3.81
7/14/17 Corn closed at 3.65
trading range for the last 12 months has been from 3.41 - 3.92
2 different market forecasters have projected new crop December 2017 corn in the 4.40 - 4.70 range
I think they are full of xxxx...
but my wild guess is maybe we'll be seeing 4.30 corn in 2018
update
12/14/17 Corn 3.36
July 2018 Corn futures 3.65
3.36 vs 4.40 December corn = Market 'experts' were only off by $1.04 (31%)
I'm taming down my optimistic 4.30 corn in 2018 to 3.81 hoping for spring run up back to 2016 July Corn prices
Right now grain bin doors are welded shut until at least March expecting prices to slowly grind upwards till June.