IL | GrainTrader - 5/24/2022 10:49
(These are not wholly my thoughts and I’m not smart enough to pretend they are)
Following cycles and Elliot wave patterns they are pointing higher. I’m willing to follow them at this point because I see so much turmoil and possibly of less then desired amount of corn planted in ideal conditions this year.
Some of this was predicted (by those following cycles) as early as late 2020 saying 2021 would product much higher prices and 2022 even higher then 21. There is potential according to these cycles to continue longer, but with lower lows and higher highs. Some gut wrenching in the short term, but stick to the plan roll with it
If you’d like, Subscribe to ElliotWave.com (commodity junctures is the sub-subscription I use), as well as Harmonic Timing by Ernie Quigley and I also get some info from Gann Global Financial by James Flannigan for cycles and longer term forecast.
I use other services and coherts for nearby information and what not
War and inflation are why grains are where they are.. Harmonic timing. lol..... But you can believe the advice you pay for. Pro tip: If they knew what the market were going to do they wouldn't need to sell their advice.
Have you priced any of your 21 or 22 crop or holding out for 10 and 20? |
buy back unplanted corn now or wait
