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New Mexico | that a sector that goes up a touch or holds steady is somewhat of a bull market.
Reasoning is relative since most markets / indexes etc are in fact in what seems to be a long term bear trend.
Thus ANYTHING that holds steady loses less, so is theoretically the winner.
IF you anaylize EVERY thing across All the boards, agri is perhaps thee strongest ( rather bullish S/D fundementals ) markets sets.
Money velocity is low ( at the consolidated tops ) of markets out there ( trickle down deal is dryed up for the tops ).
Times have changed, it's simply not like the "good ole days" so to speak.
Perhaps take a buck off the $4.74 projection, and a $3.74 NET Cash top for some corn seems like an extreme high but perhaps possible ( might be guised as $4.74 with a Minus $1.00 supposed basis too ).
Seems like the $3.55 NET Cash level will buy alot of of corn in most areas this year.
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Here is some wishful thinking
