Corn - As Oversold as It Gets

Corn – As Oversold as It Gets

Below I plot the 7-yr RoC in corn.  At its worst point in Aug-18 it printed -54%, a touch above the two worst readings in history including Aug-87 and Jun-03, both at -56%. After the bombed out 1987 and 2003…

Recent Carnage in Grains Historically Indicative of Sustained, Multi-Year Commodity Bear Markets

Recent Carnage in Grains Historically Indicative of Sustained, Multi-Year Commodity Bear Markets

Historically, three-day declines of at least 13% in corn as we’ve just witnessed with today’s decline, are indicative of: 1) multi-year corn bear markets 2) multi-year commodity bear-markets per the CRB Commodities are in a bear market and are likely…...

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Did Corn Meet its Maker Today?

Did Corn Meet its Maker Today?

Corn and grains in general have had a massive rally this summer due to the heat and lack of precipitation across the U.S. That’s pretty much been the case here in CLE, OH as well – a lot of heat,…

Corn Update re: Yesterday’s Post – Is this Week of 7/9/88?

Yesterday we noted Corn’s recent price action had registered a 99th percentile event last week dating back to 1960 (something that had happened only 6 other times in history). We won’t rehash the details as you can read them here…....

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Corn Just Registered a 99th Percentile Event Dating back to 1960; Trading Opportunity at Hand?

Corn futures have now gapped open at least +1.50% vs. their prior week close in four of the past five weeks (i.e., at least 80% of time). Including this week’s signal, this has happened a mere seven times dating back…...

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