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…
Downside in Grains Set to Accelerate?
As you know, we’ve been reasonably bearish on this group dating back to July, with most of that focus being on corn, as these posts here and here highlight for background. In fact, on August 10, when corn was 7% higher,…...