As you will see Corn has been in pure Bull Mode.
If you look at the chart and long term 200wk average corn is a sell/short IMO
Now if you look at sun cycles ok I am not a big fan of global warming. When you look at solar cycles you can see real temperature change.
Here is the best part if you think its hot this yr just wait till the peak next year. If i was a farmer i would not even bother to plant as it will be that dry and hot. IMO corns peak will be next yr if you look at our solar cycle.
I could be full of crap whats your thought???
One Response to Corn ZC Love it or Leave it one perspective
At this point, the risk/reward is almost inverse. In other words, the reward MUST be predicated on the hot weather with no rain for another year.
Otherwise, the stampede for profit taking or traders taking short positions will make you wonder why you bother to take such a high risk trade at this point.
The question to ask is, “is the price here already reflects the drought for the next 6 month?”
In other words, if you miss this Corn trade since early June, you are already too late. There are better risk/reward out there.