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Northwest Iowa | I looked at the July corn and I agree. It was my original EW expectation but the rally to 3.791/2 made it look like the whole down move was finished. With drop today, really makes me think along Century's lines. The chart looks worse than it is. In the old Commodity Perspective days, we'd need a fine point pencil to put in these small moves but the computer fits the screen. On the July, I have targets of 3.605, 3.54, and 3.475. I lean toward the 3.54 coming in the first few days of May. As my mentor, Monte Woodford, used to say, " Come on you Hebrews-buy corn!". | |
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The chart says
