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Mascoutah, Illinois | The trend is higher and you ride it until the tape tells you not to. $4.20 objective in December 2010 corn without violating the longer term downtrend since January of 2009. November bean target sits at $10.13. Keeping S.C.'s thought on the prospect of $11.00 beans written on the back of my hand along with the "flag pattern" he pointed out on the chart.
I just wanted to point out the corn soybean price ratio is trading closer to 2.4 times as of the close on Friday. (Dec corn versus Nov beans) The past few years, the ratio has been closer to 2.6 times in price. Soybeans are the catalyst to lead these markets higher. | |
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My .02 { where is yours )
