The corn market is being discussed as potentially undervalued, sparking buying interest. The National Corn Index is in the lower 20% of its price distribution range. Grass is Greener Movement suggests money moves into commodities when fundamentals turn bullish. Deferred futures spreads indicate commercial uncertainty. National average basis is neutral-to-bearish.

At the end of July, the National Corn Index was at $3.7850, in the lower 18% of its price range. Noncommercial traders recently had a net-short futures position. Economic Law of Supply and Demand shows US corn supplies exceeding demand. Until the market’s intrinsic value shifts, staying bearish is comfortable.

Read more at Yahoo Finance: Is the Corn Market Undervalued?