If you enjoy the content at iBankCoin, please follow us on TwitterKicking yourself for missing the boat on silver, but still hungry for something to sink your teeth into? Well, at least one adviser has entered the hallowed halls of Breakout to make the case for corn.
That’s right. The Reformed Broker Josh Brown says if the planets align correctly and a few other variables kick in, then the amazing beast that is corn could deliver another 60% upside. Now you’re all ears, aren’t you?
He says to forget the fact that corn has already doubled in the past year and is currently trading at record highs north of $7.60 per bushel. Instead, he suggests you look at a weather map showing a soggy middle America that’s home to a lean inventories and a small, wet and delayed crop.
Then spin the globe around, find China, and jot down the words “net importer” — and therein lies your formula for Brown’s prediction that corn could rally to $12.
Joined Nov 11, 2007
31,929 Blog Posts
seriously…if corn runs 60% then even we will feel the pain of food inflation.
We need position limits for sure.
Won’t be disagreeing with you any time soon, Cronkite. My love of free markets goes out the window when discussing the food supply.
Corn up 60% would be a catastrophe, especially for the poor. It’s in everything.