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Mascoutah, Illinois | Are you looking to corn or soybeans for the next move in either direction? In my opinion, the bean chart looks ready to resolve the next move in grains. Monday will be very important for the corn bulls based on the trendlines.
Who knows? Maybe we stay rangebound all year between $5.75-$6.66 and $11.00-$12.75. I think those prices would make the majority happy.
Edit: If the corn market continues to trend like it has over the past six to seven years (monthly chart) with the big swings from highs to lows, $3.58 would be the next low in this cycle from the top we saw in 2011.
Edited by djmcountryboy 1/28/2012 21:49
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History Repeats Itself?
