Tuesday, May 13, 2008

Corn down on impressive planting progress, but still lagging behind

Corn futures have been whacked this week. Dry weather over the weekend helped farmers make impressive gains, but plantings are still behind.

This may be a nice buying opportunity. All the "on the ground" intelligence I've seen still indicates this crop could be in serious trouble. These could be some deceiving positive numbers that are driving down the futures prices.

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