Both corn and wheat downtrend will continue.
Since Dollar is very strong, agriculture is flourishing, oil is cheap, and is going to get cheaper, Corn and Wheat prices will go lower. There's no shortage of food, and it will continue to be like that in the next period.
Unless something bad happens this summer, in terms of weather, Prices will go lower.
The other possibility of this going higher is due to lack of water in some regions, like California:
www.zerohedge.com/ne...hts-cut-water-use-25
www.zerohedge.com/ne...lly-begin-california
Lack of water around the world could be possible due to more factors, but I will start with this:
www.zerohedge.com/ne...s-after-nevada-quake
www.zerohedge.com/ne...no-contingency-plans
www.zerohedge.com/ne...istory-united-states
www.zerohedge.com/ne...-bad-you-can-imagine
www.zerohedge.com/ne...-use-drought-worsens
Also, glaciers forming more in asia, it has to do with water retreating, possible global freezing, instead of global warming:
www.livescience.com/...ciers-stability.html
www.globalresearch.c...ooling-is-here/10783
www.globalclimatesca...gory/global-cooling/
www.thelongview.com....-2017-Kevin-Long.pdf
dailycaller.com/2015...like-global-cooling/
nextgrandminimum.wor...l-cooling-2015-2050/
iceagenow.info/2014/...l-cooling-2015-2050/
Also, there appears to be water barons buying all water:
www.bibliotecapleyad...ol_globalwater42.htm
www.blacklistednews....371/0/38/38/Y/M.html
www.zerohedge.com/ne...r-too-polluted-drink
Also, why is global warming a pseudoscience:
www.bibliotecapleyad...balwarmingpseudo.htm
So this means, short now commodities while you still can, and watch out for lower production in the coming years because of lack of water around the world that can trigger lack of food and so, rising prices in all commodities.
If on 1 month chart, highest high for corn is near 850, it can go in the future to 1600, 2000 or more, but that likely in 2 years or more, and that if farmers won't get water.
Short, short term, Long, long term.
Breaking the wedge indicates potential short target of 340, and longer target to 320.
Breaking above 50 day EMA at 370 indicates possible long, and getting out of the wedge and breaking 200 day EMA at 385 indicates longs to unknown potential.
That is all.
Since Dollar is very strong, agriculture is flourishing, oil is cheap, and is going to get cheaper, Corn and Wheat prices will go lower. There's no shortage of food, and it will continue to be like that in the next period.
Unless something bad happens this summer, in terms of weather, Prices will go lower.
The other possibility of this going higher is due to lack of water in some regions, like California:
www.zerohedge.com/ne...hts-cut-water-use-25
www.zerohedge.com/ne...lly-begin-california
Lack of water around the world could be possible due to more factors, but I will start with this:
www.zerohedge.com/ne...s-after-nevada-quake
www.zerohedge.com/ne...no-contingency-plans
www.zerohedge.com/ne...istory-united-states
www.zerohedge.com/ne...-bad-you-can-imagine
www.zerohedge.com/ne...-use-drought-worsens
Also, glaciers forming more in asia, it has to do with water retreating, possible global freezing, instead of global warming:
www.livescience.com/...ciers-stability.html
www.globalresearch.c...ooling-is-here/10783
www.globalclimatesca...gory/global-cooling/
www.thelongview.com....-2017-Kevin-Long.pdf
dailycaller.com/2015...like-global-cooling/
nextgrandminimum.wor...l-cooling-2015-2050/
iceagenow.info/2014/...l-cooling-2015-2050/
Also, there appears to be water barons buying all water:
www.bibliotecapleyad...ol_globalwater42.htm
www.blacklistednews....371/0/38/38/Y/M.html
www.zerohedge.com/ne...r-too-polluted-drink
Also, why is global warming a pseudoscience:
www.bibliotecapleyad...balwarmingpseudo.htm
So this means, short now commodities while you still can, and watch out for lower production in the coming years because of lack of water around the world that can trigger lack of food and so, rising prices in all commodities.
If on 1 month chart, highest high for corn is near 850, it can go in the future to 1600, 2000 or more, but that likely in 2 years or more, and that if farmers won't get water.
Short, short term, Long, long term.
Breaking the wedge indicates potential short target of 340, and longer target to 320.
Breaking above 50 day EMA at 370 indicates possible long, and getting out of the wedge and breaking 200 day EMA at 385 indicates longs to unknown potential.
That is all.
