Death comes to us all. Life's but a walking shadow | Mar16 corn tonight is $3.53, Dec16 corn is $3.73 and Dec17 corn is $3.83. The "market" is apparently so confident of the supply and price of corn next Dec, 2017 that it prices 19 months of storage at 30 cents, 1&1/2 cent per month. Or to say it in another way, the "market" is so confident that two crops that haven't even been planted, say nothing of harvested, will fully meet the anticipated demand not just for one year but two years.
These are undoubtedly the same people who told us that Trump would never be the republican nomine for president.
SAT, if you believe that the market is invariably infallible then I don't think you should "change your tune". |
Should I be changing my tune right now ?
