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NW Indiana | I just researched corn only but in the last 43 seasons the december contract has only made its high in February 1 time. 3 times it made a high in March. 4 times in April and 3 times in May. So historically 25% of the time the high came between February and the end of May. The analog year we should be cautious of was 2004 which followed supply issues in 2003(I believe we are seeing demand issues) but the high was printed in April.
I still believe we shake the tree pretty hard in the next 60 days but a betting man would say the highs will come after May. | |
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2.3% chance new crop highs are in
