Originally Posted by
GambleBotsChafedPenis
hesitate to put this here because you can get your ass raped in a hurry if you get involved in futures, but I will be very, very, very surprised if we see sept/dec corn futures trade in the low 400 range...
Midwest weather has been absolute AIDS during planting season and in many of the high producing states they were well, well behind in getting corn into the ground this year...corn is a very delicate plant that really has problems dealing with a lotta heat during it's growth...and given when the farmers got most of this shit into the ground if we get a july/aug heatwave in the Midwest we are headed deeper down the path of having a really shitty crop...
EDIT: don't buy the CORN ETF, forgot specifically how it's structured but it's some combo of nearest month futures, 2nd month futures, and year out futures...so you can lose money when it rolls the futures contracts even if corn goes up...