Reports of Chinese ASF problems growing. Not clear the extent of the issue and until then continue to believe the US has not factored issues with ASF in China. This with the strong uptrend in prices recently supports a bullish outlook.
March 2021 U.S Corn: Weekly Chart
*considering such tight U.S corn c/o, bullish fundamental narrative has not changed.
*focus is on SAM weather issues / logistical problems in SAM
Price Target: 640'0 | BULLISH OUTLOOK
-not surprised to see recent liquidation w/ m.m crts net longs close to 350K and at record-high. M.M making substantial gains recently w/ most of...