Corn Outlook: Corn futures are winded. No wonder; they have risen 54 percent since June, while the long position of the funds has grown to a record 4.255 BB. The funds could be their own worst enemy as was the case when prices collapsed in 2008. In other developments, USDA projects corn stocks as of[…]
Corn Outlook: Buy and hold, corn is the new yellow gold! Exuberance in corn is becoming high-pitched, similar to 2008. This is evident by the fund long position swelling to a record 4.2 BB. Although the market is over-bought, the bubble does not seem ready to burst yet. Prices are currently supported by disappointing yields[…]
The good news is corn may be approaching multi-year highs, the bad news it, you probably won’t have much of it to sell if the current harvest reports are to be believed. Dewey Strickler explains as he analysis the week’s activity from the CBOT and what it means for the nation’s farmers. Corn Outlook: Exuberance in corn abounds from[…]