Wednesday, June 3, 2009

The Debts of the Spenders: Corn's Counter Cyclical Rally Stalls

Well, today was as good a day to take profit as any. Based on the historical chart, corn is supposed to be flatlining during this part of the month before dropping. In fact, farmers were happy to lock in above average gains. Normally, this is a somewhat bearish trough period.

Remember - unlike financials, agriculture is more regular in its patterns and based on the timeless rhythm of the seasons. I'm not saying it's easy but the weather, pests, and wind are far less complicated things to monitor. Meanwhile the USDA, NOAA, and other federal agencies/agronomical universities provide free and timely information.

That's all you really need to keep track of. Not some politically motivated junior analyst sticking her nose in the pits every other week.

*Disclosure - I have no position in corn at this time.
blog comments powered by Disqus

Blog Archive