As long as corn export demand stays this aggressive, corn futures should see limited downside risk and bulls should be able to use any harvest delay talk to their advantage. Considering that carryover is already forecast to “squeaky” tight levels for this marketing year, this market has to be responsive to any stronger-than-forecast demand. Even with a dollar drop in futures, there are excellent opportunities to lock-in price floors with options or futures strategies for hedgers on a crop that could face enormous world acreage. Building a price floor with options for 2008 is another key to surviving the potential cost squeeze in this volatile market. This extra pork is also coming to market at a time when poultry expansion is also adding pounds to the market and beef production is also topping year-ago. read more