|
| Were at the exact point where we were in late 1929(far left black vertical line) while the stock market crash happened in Q4 of that year.
Guess where it ended up? That trendline point falls at .89 cents cash corn in the fall of 2023. So anything can happen in the next 3 years.
We even had a drought in 1930 as bad as 2012, and all corn could do was get back to 3.75 cash in todays terms before puking straight down the next 2 years.
The middle black line was the 1986 low when corn hit 1.40 a bushel in the fall through first half of 1987.
For us to complete this bear cycle we have to see cash corn hit that line which is at 2.35 presently.
When in doubt , always look at the BIG PICTURE and don't ever say "it can't happen again".
 (corn cash (full).jpg)
Attachments
----------------
 corn cash (full).jpg (58KB - 183 downloads)
| |
|
Ironic place we are price wise on the 120 year cash corn chart
