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Starbuck Manitoba Canada | Agree on the $3.93 price to make heavier sales.
Similar to the run up of the early 70's, Corn (all grains) spent a few years at record high levels. After hitting a high of $3.99,(1974) corn started a steady decline down to $1.50, (1975) what was once considered a good price only a few years earlier.
Then it started heading back up (V bottom) and the low was not seen again until 1987.
So it is possible that the lows are in, What prices have done in the past 7 years is a carbon copy of the 70's
That is why I had $3.00 as a strong support area several years back. | |
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Tell me what you see on this chart...
