Corn, soybeans, and wheat have hit market tops, analyst says
If a major crop problem develops this summer yet (like a drought), we could rally back up to new highs or the old highs, analyst says.
Source: agriculture.com
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Farmers, strap on your seatbelts for the market ride, analyst says
What a week! Soybeans dropped $1.18 per bushel from their highs last week, with corn down 40¢. Both markets dropped below their levels before the bullish January 12 USDA report. The sky is falling! Chicken Little analysts who have been calling for a top forever (since $10 beans and $3.60 corn) are still crying, “The sky is falling!” Only, nothing has changed fundamentally in the past week, other than the bullish report finally convinced many it was time to buy grains. So, is the top in? Or did we just kick out a lot of weak hands from the rally, which means we’...
Source: agriculture.com