Corn Market Update Based on the Surprising USDA Market Report – Jon Driedger, FarmLink Marketing Canada

As we discussed with Dana Omland from Palmerston Grain last week, the USDA report shocked the market.  With corn yields being revised lower in the US, many producers are wondering what is the deal with the next year of commodity prices.  Will we see a repeat of 2007 or a quick trade and then the markets move lower.  As I talk to more and more analysts and traders I continue to hear people say this market seems to have more follow through to the upside.  What is holding people back seems to be the unwillingness to appear ultra bullish.  This is the news that feed users do not want to hear, but unfortunately it is lining up that way.

I talked to Jon Driedger from FarmLink Marketing Solutions to get his feelings on the corn market and whether or not corn will take all the other farm commodities with it.

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Shaun Haney

Shaun grew up on a family seed farm in Southern Alberta. Haney Farms produces, conditions and retails wheat, barley, canola and corn seed. Shaun Haney is the founder of RealAgriculture.com. @shaunhaney

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