Posted 6/30/2020 10:37 (#8345117 - in reply to #8344800) Subject: RE: Somethings up
Think about it in real terms. The whole US corn crop could be bought for +/- $50 billion. Look at the money they have thrown around in the last few months. If a 50 cent indemnity payment was made on every single bushel that is $7.5 billion. We have been talking aid packages in the trillions. I'm not in the camp that the government is micromanaging that. I am in the camp that thinks the market will do whatever it wants and many times the opposite of what everyone thinks. That is why it is so hard to be a successful trader.