|
New Mexico | in corn say culminates next Tuesday ( Sept 28th )late.
Wed?....hmmm. Thursday and Friday ( Sept 30th and Oct 1st ) Both likely the beginning of a substantial downward correction which carries thru October on "paper corn."
Paper correction in the Minus 75 to Minus $1 range, will likely not affect Cash corn prices much.
Nice thing for cash is that basis should start to get REAL.
Basis moves to 0 to perhaps 10 cents + in the E, and say a minus 25 to minus 40 cents in the W.
Seems like money needs to be short ( or side lined ) on the Oct DOW, corn, oil and a few other things.
Money should try to position net long some BRIC ( so to speak ), some DAX, long term Long Soy, long term long wheat, also long term long other protien products ( meat, milk, cheese etc ) .
| |
|
Higher lows & higher highs :Dec Corn
