Posted 6/23/2022 07:13 (#9717338 - in reply to #9717155) Subject: RE: Technicals vs Fundamentals
northern edge of north central Missouri
barren - 6/23/2022 04:27
Just an observation and couple of questions. Seems that Market Talk has turned into mosty technical analysis and very little on fundamentals. Is that a good thing or do we need a better balance to help our marketing decisions? Do the fundamentals support the seeming consensus on here that grain prices are going to hell in a hand basket?
Fundamentals rule ultimately. Charts are a general guide, mostly for people who are unfamiliar with a commodity. They give us a nice history perspective and guide trade when there’s no big news to direct traffic. Charts matter, until they don’t and certainly do not mandate future direction as many on here think. By the time chart only guys figure out the chart is “telling” them something the chart has changed its mind lol. Too late again!
And certain ones can come on here again and tell me”I don’t have a clue”. It’s all good :)