With high interest rates, there are few places in the world that can afford $7 corn, but will be ready buyers when corn is at $4.50 per bushel. Advance Trading Risk Management Advisor Tommy Grisafi says lower prices will stimulate demand. “We’ve seen China in for beans lately; Mexico and other countries in for corn,” said Grisafi. “We’re going to get back to the basics. We’re going to get back to carryovers, bushels, bins and basis. This wild volitality is coming to an end.” See the interview.
