After all these years of trading/investing, we realize that good traders/investors possess a good grasp of these two things.
They are, Knowing what is going on in the market right now and knowing what is coming up next.
The price of corn has been bouncing around the range since 2008 and now it is at the lower band of that range.
In Addition, due to the global geopolitical situation around the world, we are witnessing the major disruption of worldwide economic mechanisms, and expecting the basic soft commodities price shall skyrocket in the near future.
That's why we are going to position ourselves on the very potential upside of CORN. This set up may or may not work out.
The move up may take some time but it should unfold soon. Every big thing has a small beginning
Let's see
DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" <or> "Comment". Thank You!
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Bigest corn producer is USA 360287, second china 257000, then other 105000, brazil 94000. Half of USA consumes by itself. Chinas production likely will drop since the government has ended price supports. Looking from that info i dont see anyhow how price could reach that level. Still agree that it quite good place to buy. Everyone will take any job at this time so labor force wont effect prices. Think if China will not buy any corns from usa then Corn price should even go lower IMO. Of course if we could see weather anomaly which could effect production in usa then we could see anything.
Thumb up for looking for alternative investment index.
Thumb up for looking for alternative investment index.