Railcar prospects bullish indicator for corn exports?
 
Nothing since last Tuesday has changed our more than adequate corn supply perspective. The past week has shown that the path of least price resistance in futures has been to the upside (CK $3.45 area was supported almost every trading day this month). We are all aware that field work has become the priority. 
 
This week's business spotlight on CNBC has been the rail industry. The four major public railcar manufacturers (ARII, RAIL, TRN and GBX) all have seen a significant increase in their common stock price this year. We think this is a good indicator of future demand for grain and not just delayed fleet replacement.