Old-crop corn futures are sharply lower again this morning, and that’s no joke. Another quarterly Grain Stocks Report gets the blame for a two-day 80-cent selloff in old-crop corn futures, as the carryover tally indicates either use is even slower than documented or USDA underestimated the 2012 corn crop. Either way, we have more corn to get us through the end of the marketing year and the market is searching for a price that attracts demand. Listen to the “Monday Morning Wake Up Call” for more details on one’s in store this week.
