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Today's chart is what a top looks like
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1953farmer
Posted 4/27/2021 22:46 (#8976276 - in reply to #8976238)
Subject: RE: Today's chart is what a top looks like


Center of Nebr.
Time will tell. Markets peak on bullish news. The news lately has been very bullish just as you mention Joe. Over the years I have heard so many farmers say it can't peak now there is more bullish news to come. When you have what I call an exhaustion peak like we did today. We may be running out of buyers. When there are no new buyers to come into the market it peaks. That is what happens at every peak. All of the bullish farmers may be right and we go much higher. I am not going to bet the profitability of my farm on that outcome. As I said if we go higher I will start pricing 2022 corn and set up for another profitable year.
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