date:Jan 17, 2013
Cody Bills from Grain Hedge said tight corn supplies are driving the market now, but demand will be the key in the long term, The USDA reduction in corn carryover is spurring the market higher, but we will need to see demand to keep prices high. Bills speculates that ethanol production, left unchanged in the January report, may be reduced in the February report which could lead to a downturn in corn prices. Jim Riley, with Riley Trading, told HAT that technically the market is poised to move h