06/04/25 Afternoon CommStock Report – CORN PRICES EXPECTED TO REBOUND IN 2026

I am pretty sure I just won a free steak dinner.  I was bet that December corn would rally back to at least $4.70 by the end of July.  I much rather prefer the $4.70 corn.  But when someone offers you a free steak dinner – you take it.  We have to face the music that there is limited news for the bulls to chew on.  Tariff talk with China has stalled as they did not take well the news of increasing steel tariffs combined with singling out Chinese students at US universities by having their visas revoked.  Managed money is still net short 103,000 contracts going into last week and that has continued to work in their favor.  Bulls would argue that they will take their profits and run.  When have you known managed money to be so altruistic?  My bet is they will continue to stick with their winning hand.  We will also get another acreage report the end of the month will I am expecting will see added corn acres and reduced soybeans acres.  The market will likely have that digested by the release of the report, and so if those increase in acres do not materialize,…