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South Central Iowa | Thats as good as anyone will do long-term.
I’ve coined the term “mechanicals” in my own mind to describe it. The seasonals really move because of the merchandizing and hedging process. Fall sales give short cover rallies in the winter as grain is moved, limited farmer sales in the early growing season because of crop uncertainty allow price to rise, summer collapse as crop developes and there is greater confidence in production and sales, etc. Fundamentals is what we have and what we think we will grow and all the news that affects supply and demand. Technicals is a reading of price-action.
My two cents.... as Hilter said, we’re all just a bunch of know it alls anyway! Lol | |
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Hitler markets his grain... (movie)
