Corn.(Analysis)

Pro Farmer, December, 2005

Position Monitor

 
                       '05 crop   '06 crop 
 
Cash-only:                50%        0% 
Hedgers (cash sales):     55%        0% 
  Futures/Options          0%        0% 

GAME PLAN: The bounce off the contract lows turned into just that--a corrective bounce. Unless you must make cash sales before the end of the year, the market doesn't offer a good opportunity at this time. Wait on an extended corrective bounce before making additional sales. But an extended bounce, no matter when it comes, must be sold given burdensome carryover. Claim any remaining LDPs if you haven't already done so.

Fundamental analysis

USDA made a bigger-than-expected cut to estimated exports, pushing carryover above 2.4 billion bushels. More...

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