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| As I look at the cl market I do believe we have just witnessed long term lows for the next 3 or 4 years. The was long term support at 28 and it reacted to it. If you look at the markets as a whole the funds are in the process of a major rebalancing of assets. Stocks are hugely over valued and commodities are hugely undervalued. Funds usually buy under valued positions and stay for the long term making huge profits. Stocks look like a bear markets for three or four years and commodities are the opposite, from crude to gold to corn. Farmers should be in a position to take advantage of the rebalance. | |
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Crude going forward
