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Central Missouri | Take a look at the march srw chart after today. The market opened much higher and closed on it's lows. Combine this with the fact it is right at 10.00 and bullish concensus is so high, we may be seeing a correction. New crop has been correcting now for several days with 1st major support on the July cak at 7.00. The entire belt got moisture and the srw crop looks great. Markets always seem to top prior to when we think they should. Just a bit of caution. If we have a record srw yield per acre we will have srw running out our ears. As much as I just said, it is very difficult and foolish to try and pick tops. | |
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How do you guys use charts?
