Corn -- the world's grain gold -- staged a sharp recovery today due to expectations that both U.S. and world farmers may reduce the acreage they plant in corn this year, and on renewed concerns that wet weather may delay corn planting, thus reducing harvest output. The International Grains Council released its global report today, and the USDA will release its report on Monday. Corn ended higher for the day. I missed this rally. I wish I hadn't. If Monday's USDA report confirms the IGC's report, corn will likely rally much further!Friday, March 28, 2008
Corn is Grain Gold!
Corn -- the world's grain gold -- staged a sharp recovery today due to expectations that both U.S. and world farmers may reduce the acreage they plant in corn this year, and on renewed concerns that wet weather may delay corn planting, thus reducing harvest output. The International Grains Council released its global report today, and the USDA will release its report on Monday. Corn ended higher for the day. I missed this rally. I wish I hadn't. If Monday's USDA report confirms the IGC's report, corn will likely rally much further!
