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| A lot of the correlation has to do with the dollar and money flows. May/June 08 the dollar had a sharp crash, then a recovery into the winter of 08. Where it continued its slide till the dollar started to rally here in spring of 14. If we are going to see a real and sustained rally in the grains we need to see the dollar break. Very few on here seem to acknowledge the fact we lost a full dollar in grain prices to the appreciation of the dollar. If you took the dollar we had in 2011 with current grain prices we would be looking at $4.50 corn bids today and $5.80 on our last June rally.
Edited by MRK 9/7/2015 23:58
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With reference to the current situation.
