This week it’s time to take a bit of a deep dive into corn demand. Corn has had my attention for a while now as the narrative surrounding the market in fundamental discussions hasn’t necessarily felt the same at ground level. I am not going to sit here and argue that production wasn’t there because it was, as there is no one running out of corn anywhere in the world right now due to the lack of availability.
I will argue though that we must take note of the bit of a different vibe that the cash market is giving, with an incredibly quick recovery seen in post-harvest basis and a soybean style spread strengthening that should give any seasoned cash trader or analyst pause to a certain extent.
