Posted by John (C-IL) on June 22, 2009 at 14:31:47 from (12.109.70.88):
In Reply to: grain contracts posted by NY 986 on June 22, 2009 at 10:02:42:
Like Bob said, it could really go either way. At this point the grain fundamentals don't mean much. The more important things to watch are the dollar, crude, fund activity and the technical moves that say we will probably revisit the past at some point this summer. Cash corn could easily go a dollar either way and the range on soybeans is plus or minus $5.00.
There are a lot of "free" market prognosticators available on the internet. Most of them are opinion and you know how that story goes.
When you factor in fundamentals corn and beans are both on pretty solid footing unless the economy really tanks.
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