General Comments It has begun to feel as though we have been trapped in a drought-driven market since forever. Of course, that is not true. However, it is instructive to look back at the corn market's recent price history to regain some timing perspective. For this purpose we have chosen CME December corn as the first contract fully representative of the new 2012 U.S. corn crop. Actually, the drought market is not as old as we might think, and the line of demarcation identifying when the corn market was taken over by the drought is quite clear. December corn hit its post-planting low of $5.06 on Friday, 15 June. After a rainless weekend, drought fears infected the corn market beginning the following Monday, 18 June when December corn jum...