jmtbernardo
Short

CORN Too much supply

BATS:CORN   TEUCRIUM CORN FUND ETV
303 3 2
The most recent report from corn             indicated that farmers planted large quantities of corn             , thus drove the price of corn             down. At the moment we have a descending channel and a death cross on this stock. I expect to go much lower to around 35.66. My strategy is simple, as the stock makes lower highs I will put stop loss until reaches my target. Source http://etfdailynews.com/2013/04/02/the-teucrium-corn-fund-corn-continues-plunge/
Amazing how price movement continues to be near the channel.
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This guys agrees as well: http://peterlbrandt.com/chart-of-the-day-april-2-2012-corn-is-going-back-to-the-price-level-of-1996/
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Most people are bearish on commodities.
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