Corn is the story that keeps on telling. With USDA revising yields and ending stocks lower in the US, the farmers with decent yields have enjoyed some great returns this year. I have even seen some corn acre forecasts for 2011 being discussed on CNBC’s Squawk Box. When there is this much hype and we talk about $6-7-8 corn that usually is a great time to step back and say….hmmmmm.
With talk of 93 million acres in the US in 2011, one has to wonder what will happen with demand and prices. Listening to many different analysts, most agree that the next six months look to be bullish.
Look at the chart below and make your own decisions.
Below is the March 2011 future chart for corn.
Jonathan Driedger, FarmLink Marketing discusses the corn complex with me and why he is bullish corn in the next year. What is significant about this interview is that Jon tends to not be super bullish on most crops, expressing a more conservative approach. This is the most confident I have heard him in quite some time on an outlook.
If you cannot see the embedded video below, click here