Temperatures are on the rise across the U.S. Corn Belt but also expected are a flow of precipitation for the next 5-7days….sounds like a recipe for good corn growth if temperatures don’t kill the moisture. Chicago prices continue to slide lower, reaching levels last seen in October 2014. Corn prices for December expiry has shed $1 in less than two months since its high in June. Some say it’s over done on the U.S. side and also on South African maize prices. Yet the ‘expectation trade’ that we could see more white ships in coming weeks at South African harbours, which have not materialised as yet, coupled with the fact that we’ve stared at lower parity prices on the majority of mornings the past week have made it hard for bulls to sustain any meaningful rally. This morning might not be any different….but surely the probability for some pull-back is getting better right?