CORN I chose this market first because it may be the best. As you read this, Midwest farmers are harvesting. I haven't heard any early yield reports yet but it seems very unlikely that farmers will harvest a bigger crop than the last USDA estimate of approximately 10.3 billion bushels. That would be a new record. It is very possible given late season dryness and declining weekly crop conditions that we will harvest a smaller crop than the USDA's last estimate.
Prices are now very low.
This seems to be operating right now in the corn market. Farmers are reluctant to sell their grain at these prices. If they hold tight waiting for high prices we will almost certainly see a fall rally. We probably will anyway. Total demand is enormous.