The various aspects of the corn market have turned bullish, technically, since last August.
The noncommercial side of the market has switched its net-futures position by nearly 550,000 contracts since last February.
The corn market's real fundamentals remain neutral-to-bullish giving Watson reason to buy longer term.
Earlier this week I was in Clearwater, Florida speaking at the Water Street Solutions EDGE Conference. My friend Darren Frye had invited me well in advance, then like everyone else I watched that area of Florida get hammered by back-to-back hurricanes of Helene and Milton this past September and October. At one point I remember making the comment it looked like Mother Nature was trying to saw Florida off just below the panhandle. But the area survived, and rebuilt, so much so it was hard to imagine the damage discussed by both Uber drives I had the opportunity to visit with on the way from and to the airport.
