Monday, July 20, 2009

Audible Groan

DTN provided this comforting commentary this morning. I actually groaned aloud when I read it.

"Corn: The market continues to be weighed down by bearish underlying fundamentals limiting the scope of any rally. If weather remains on its non-threatening course, yields could reach 2004 levels near 160 bpa, well above USDA's last estimate for 153.4 bpa and making the situation even more bearish."