Today is a good day to revisit the Nov WASDE carryouts and price of Z corn on FND. Unpopular opinion even at 175bpa I think carryout is close to '16 & '17
2019 1.91B Closed $3.71
2018 1.736B Closed $3.66
2017 2.487B Closed $3.41
2016 2.403B Closed $3.31
2015 1.76B Closed $3.65
Here's how i see it. the shorts are right, the economy is in real trouble... But, if something pays off, like Regeneron's drug, it's not too late to get things back on track.