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Starbuck Manitoba Canada | Thanks JP.
The "Big Downsloper on the beans is what I clue into and as I see it we beached it to the upside and then retested the line. I believe we continue higher and do not test the lower line as your hagopian suggest. but I guess time will tell. If it does go to your line I guess that would be considered a bear trap and we will see much higher prices sooner than later.
On the corn I fine it interesting how you determined the downslope based of of the forks. It looks like corn needs to drop to the downslope to achieve the completion before we head higher.
I am glad that you used the monthly as it demonstrates to farmers that to really see the big picture you have to go to that long term chart. I believe it is important to look at the daily, weekly, monthly, and even the 5 minute chart of any commodity.
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A $5 and $12 investigation......(warning chart heavy)
