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2.80
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ZCZFarmer
Posted 8/17/2024 07:45 (#10854571 - in reply to #10854116)
Subject: RE: 2.80


Minnesota
So I'm curious...What would have you said in 2013-2014 time frame when we were coming off of the 2012 highs? Would have you predicted then that we were going to be 2.80 or 6.50 in the next two years? From that point it took 8 years before we saw 6.50 again, even so called tremendous 2019 crop took two more years before we got there. I like charts and use them for a lot of things, but one thing I struggle ever seeing in charts is telling us where we are going. If there isn't a fundamental reason or fuel to provide energy for that move, it has no business making that move unless a chartist can tell me otherwise. When I look at a chart today, I see a potential nightmare in corn with little upside but who knows
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