The export delivery process
By Jon Scheve, Superior Feed Ingredients, LLCLast Wednesday, the corn market pulled back to a technical point and Thursday it bounced off it. Fundamentally, crops aren’t made or lost in May, so debates over planted acres and Chinese demand for old and new crop will continue to manipulate prices. In June, weather becomes a factor and it’s impossible to know today what exactly will happen. I expect a bumpy road yet for prices this summer.
Source: ocj.com