The recent dip in prices...
...is a God-given golden opportunity to fill your boots according to some:
Morgan Stanley sees '08-09 corn and soybean prices at $6/bushel and $18/bu, up from last month's forecasts of $5/bu and $15/bu, respectively. "Inventories are expected to tighten even further from current levels," says Morgan Stanley. "Prices will need to move well-above currently depressed levels to ration growing demand in an effort to prevent inventories from falling to record lows."
Morgan Stanley sees '08-09 corn and soybean prices at $6/bushel and $18/bu, up from last month's forecasts of $5/bu and $15/bu, respectively. "Inventories are expected to tighten even further from current levels," says Morgan Stanley. "Prices will need to move well-above currently depressed levels to ration growing demand in an effort to prevent inventories from falling to record lows."