According to the USDA report published on Friday, September 28th, 2012, corn stocks went down. US corn and wheat stockpiles shrank far more this summer than grain markets thought, and corn prices zoomed higher on prospects that heavy demand and drought-decimated crops will keep markets tight ( the supply is less than the demand) . According to this report, I think more and more traders will choose to get a long future contract about corn, because they think corn’s price in the future will be high.
Even though now is the season of harvest, drought is still serious, harvest situation is not optimistic. In addition, traders expect price will be rise in the future, therefore, I think corn’s price will still rise, but the price change is influenced by many factors, I should pay close attention to policy, news, reports, and then constantly adjust my prediction.
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