June 06, 2008 Clip  07/22/10 1:23:59 PM

Closes above the contract high of $6.55 in December corn translates into the fact your corn is now worth $7.50 board priceDo you understand this comment?  This market (boiling teapot) would not have blown off it’s cap unless it decided we will not have sufficient acres and/or yield has now been reduced to a point where more rationing is required.  When we reach the $7.50 area we will re-analyze to determine how much higher this market will go.  The market has determined, by it’s own action, your corn is now worth $7.50 and you will see that price posted in the very near future.   The problem?  We were really hoping/praying this would not occur until our summer weather scare.  When we reach $7.50, we will have better information to determine how much higher we can move.  Are you looking into 2009 and 2010?  The other shoe will dropYou better be prepared

 
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