Why is corn going down ?

Question

i bought long at 605 and now its gon down to 520 i thought food prices were going up so i thought it was a good bet ?

Answer 1

commodities are going down, man. you got in at the wrong time on this one

Answer 2

Man, whatever...

like they forgot it was harvest time and there is more corn on the market?

Please.

Actually, the pre-planting estimates for corn were to be a lot (a lot) of corn.  Bad weather, a drought, lots of rain.  And voila! the crop it doing better than expected!

But, there is a catch.  Remember how they planted more corn than ever?  They really didn't plant as much as they think they did, so...

Answer 3

oooh big mistake longing corn during corn harvest season....  

Answer 4

It is harvest time. When all the supply floods the market.

You should avoid investing in things where you don't understand too much about them.

Answer 5

The weather has improved ...no more floods... the crop will be a big successful one...and the " supply" is easily going to meet the " demand".   Ethanol getting " bad press", also.