IN555 - 10/14/2017 15:40

Basically imo what the charts are expressing to you two is the fact the demand is growing at a faster pace than supply can likely keep up with. Higher lows are resulting from the market trying to keep demand in check but is failing to do so. The length of time this has played out a created a very impressive demand base(your formation) that will likely take much higher prices for a period in order to slow the growth down and increase the growth rate of the supply. This is playing out very well in soybeans. Corn is appearing to be a longer process but it to is on the verge of supply being a problem with the demand base. The demand base in corn isn't growing at near the pace soybeans is so it will likely not take as high of prices. The issue becomes there is only a certain amount of acres likely to be planted and they will battle it out a bit. 2018 isn't likely the tipping point imo but it will likely be the start of something real. You can basically plug all the fundamental facts into a chart and see why price did what it did. The chart is a way of reading the information but to say it caused it is foolish imo. The fundamentals caused it.[/QUOTE ]

Very unlikely that is the case. This is likely an energy restoring formation from the move down and will likely result in New lows in tge future. The answers to that question will be answered in price action soon.

I was with you...it being fool hearty...til I did the work. You have been taught well...farmer think and all.

Take care