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| I thought that I needed to provide visual evidence of what I was saying.
Attached are roll adjusted contracts, condensed to monthly, of corn and soymeal. I put in the meal because, as you can see, the strong tendency is for it to have the opposite bias that corn has.
If EMT was valid, price behavior like these markets show, would never occur.
For anyone interested - a look at the corn chart shows clearly what the cost is in being long corn. And, this is similar to being long the physical corn. This is far from an efficient market, it seems.
 (corn adj (full).png)
 (sm adj (full).png)
Attachments
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 corn adj (full).png (72KB - 105 downloads)
sm adj (full).png (61KB - 96 downloads)
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How a doctor learns to ignore some of his medical training
