Corn Support Thoughts

Corn’s continuation lows since the October low last year was 409, followed by the January low at 417 ¼. Today’s low so far… is 422. It stands to reason that past valuations that drove strong demand will now see our export sales pop after a massive “Kmart blue light special” has been applied.

Grains are carrying an oil factor of $60 a barrel. We now have to get through the summer without any weather scares (as late as mid-July), followed by China eventually following through on its agreements.