Will corn hit $5, $6, or higher? No wrong answers... just curious what people think...

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In the mid to high $4.00 area and not until January .

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I’m now hoping for above $4. I’ve know idea how long I’ll have to wait. Thankful for a nice basis.

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.75 cent basis= 5.00

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I'd be happy with $4 corn in SE North Dakota.

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I think Dec 2020 has a max upside around $3.90
With great growing conditions I believe $3.00 futures or lower is very possible. Another dagger will be the basis.

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Nope!

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Bids at the terminal for Jan & Feb 13.50 soybeans and 5.20 corn  oct/nov 11.42 and 4.42 respectively

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corn already hit $5 this week. waiting to see what's next during 2021.

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Corn will stay strong. How high it goes has many variables. US growing season problems is the Catalyst for how high it goes. $8 has been proven.

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Checking in with everybody. how about now?

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All right I think it's time to make new targets what's everybody's opinion? 
$10 corn
$30 bean's??

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I hope not.  Imagine what that would do to break evens

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We have horses sheep cattle and rabbits

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Being that corn is close to winter wheat in price.  I don’t raise corn and have no emotional “want/need” directly to corn other than corn is king and wheat will fallow.  Umm, I doubt it will hit $5.  I hope it does.  This late in the season I have my doubts.  I just think corn is overly bullish at the moment.  Mostly because it is so close to hard red wheat in price.  Now, I don’t see why wheat is not $6-7 with all the world reports I hear.  Are the stocks really high?  If they are, it will take more than a year of huge world problems to get the price up.

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7.75 turn row  south tx

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I think if we hit $5 it won't stop there. In my opinion we are looking at either 4 or 6. Not going to gamble too much in either direction.

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I am hoping it'll get to 5 dollars

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No

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I can see corn hitting $5-5.50. Basis has to help us out.

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Drove thru I74 corridor IL and IN last week. Was expecting to see much worse conditions than I did. IN behind IL.

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5.00 cash?

Yes

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There is no way we see $5 corn anytime in the near future.  My technicals say 4.25 is the most you will see by May 1st.  Carryouts are too big going into the year and usually El Niño years give you 5-10 percent above trend yields.  I could give you technical answers to it but you won’t understand.  As far as last year $5 corn was a red herring.  Many farmers passed up the best prices they have seen in 5 years.

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Some day, but not in the near future.

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Yes it will if we keep printing dollars

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5 doesn't seem impossible in years prices rise during harvest

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Sold corn today for February 21 for 5.03

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Yes because I don’t any left to sell

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How about now?

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I think corn could go to $7

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We’re going need it to be there for 22, with such high input cost!

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It’s not the current price.  It’s when it goes back down. Remember inputs go down slower then cash price.

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Large round bales for sale

More info

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I think it'll hit $5.  Unless we are all very wrong on crop yield and acres.  $6 it would have to be way worse than we think

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In our immediate area, I would guess 10% didn’t get planted, the rest looks just ok. Many guys in our area pushed corn planting out 5-10 days past the PP date. I’m just wondering how much of the rest of the country did the same. If they did push corn planting later, along with the current stocks, I think $4.50- $5 is about all we’ll get for now. If a majority of the country turns off hot and dry, the story might change.

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Fringe acres here,
40% wasn't planted until midJune
which is 10 weeks behind our normal. It's strictly an insurance play. But the story is Illinois/Indiana.
Boots on the ground say big problems.
$5.50 is in my headlights.

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If the government told the truth, corn would be over $5 already

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I was thinking $6 plus. Now I’d like to see $4.70 again. Good luck

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Hope it stays over 4.

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Until the demand destruction ends, and the conversations about it changes, good luck with anything other than what we have.

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I think Mar 20 corn can get to 4.20, only if a trade deal is inked prior to Mar expiration. After that, I think corn and soybean prices are going to be bleak for next 2 yrs. Too much world ending stocks. Once trade deal is signed, I'm pricing next years grain.

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If the USDA would tell the truth corn would be 4.50 now.

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US needs a 2 year disaster for the price to go up. We farmers are too efficient. Produce such a large carry over every year. 
I think the carry over for corn and soybeans will be at about 0 after 2020.  There is enough supply to supply the buyers. No one needs to come in and drive the price up. 
I am thinking buyers are deciding whether to buy there corn now or wait til July to see what type of corn crop we will produce in 2020. Farmers need a 2 year disaster to drive the price up to $5-$6. 
Trade war is really a non issue... china has african swine flu... they have no need for our soybeans... thats gonna take several years til they get rid of that disease and start producing pigs again.

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4.25 maybe test 4.50  only on weather, if we plant and make a crop as big say predicting will will test lows that’s some may not remember from years back. And as you know trade is the wild card here just to hold prices stable as they are now.

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Very interesting to listen to the comments from nine months ago I was in a five dollar camp. In Moneyball as ********* would say we live in a whole different world now. Good luck to all the farmers

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I think  $5 also. Our basis is still -50 cents. Must be a lot of corn still out there.

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I don't predict markets anymore.  Get a price that works and sell hoping it will go up.   When the bills are paid then I can "play" the markets.  I have not been able to play the markets much at in the past years.  
Generally, I don't see a huge price change up or down until next Julyish.  Then people will be getting an idea what we have for 2020.

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This is a great thread to read now.
what does everybody think Today? 12/30/20

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I'm in the $5 camp too. Not sure about soybeans. Just seems like the last couple years if your wrong your wrong big

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NE ND basis is -.65 I think 5$ is possible but I agree with above responses, going to take well after harvest to get it there

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I'm thinking the price will peak next summer. There's still a lot of inventory out there and it won't be until next summer that carry over really gets low. 
That said, an early frost could really throw things too...

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I'm still in the $5 camp. Seems like the market wants to wait until fall before it gets there.

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I've put a lot of miles on my pickup lately and haven't seen many areas that look bad.  Average or slightly behind, sure.  But bad, not a lot of areas.  I'm starting to wonder if the USDA is a lot more accurate right now than most of us think.  I think $5 Chicago price is attainable but I personally wouldn't bet on it.  I can't see where more bullish news will come from unless the crop actually starts coming in short or we snap into a big drought soon.

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Will corn hit $5, $6, or higher? No wrong answers... just curious what people think...

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