Top: Monthly Corn (2012-Present) Green box illustrates the current Harvest rally. Currently Corn is up 63% from its August Low, matching the 03/04 rally. The next target above at the 38% retracement of 5.07. **06/07 and 07/08 rallies illustrated above** Middle: US Dollar- US Dollar is trending lower, but the path forward is up for much debate. Higher or Lower??? Bottom : COT / Funds & Commercials – The Funds are Long and the Commercials are Short. We rarley see the Commercials this short In a strong carry market with an abundant supply, especially this time of year. The 03/04 market had the commercials eventually lifting their shorts and followed up with the next couple of years trading in the range that precluded the 03/04 rally. The 07/08 rally kicked off a multi year bull market. Funds long and Commercials remained Short… Upside is unmeasurable, but Bulls proceed with caution. The first run out of a multi year bear, usually isn’t as strong as the later years in a multi year bull.