|
Mascoutah, Illinois | I have been dead wrong about the corn market for the past four weeks. Today, I am now wrong the bean market.
We have had a Russian drought.
We are in the midst of a corn crop coming up short in the United States.
We had a drought in China.
We now have a cold snap in China.
This whole rally started with a bullish report from the USDA back on June 30th.
The perfect storm in grains and who knows what is next.
Wednesday night I had my second strongest sell signal hit in the corn market since this rally started on June 30th. Well today, that blew up in my face. Beans broke out today in a big way in the November contract. The only thing I have been right about is being WRONG. Time for me to lay low on this site and see how much higher we can go. I have no clue from here. A guy starts to wonder if the record highs from two years ago are going to be challenged. Time will provide that answer. | |
|
Another Marketing site bites the dust. Where to now.
