Corn prices surged to 8.10 per bushel in fact May corn at 8.16 was just 27 cents short of the all-time high price recorded in August of 2012 during our massive drought of 2012.

So, corn prices very close to all-time record high levels.

Long term, intermediate, and short term are all pointed higher. The only area of caution would be when we look at some of our technical that are extremely overbought.

That doesn’t mean our prices have found a top it just tells us the market is becoming somewhat susceptible to a pull back.