Yup, you are right. I got a bit ahead of myself. One other thing to look at is carryover. I think now it is in the 500 to 750 million bushel range. I think that carryover under 500 million basically means we are out of corn. There were about 94 million acres of corn this year. I have heard 2 reports, one saying 100 million acres next year and the other saying 90 million with more going to soybeans. The answer is big crops. There has not been a big corn crop for 5 years.
Huh? 2007 thru 2011 has seen the biggest corn crops in the US EVER!