LOL You see, the street is bullish on Corn but Corn keeps making lower highs and lower lows. Yesterday Corn (continues) hit 61.8% retrace and bounced back down possibly to challenge 551 - Notice C U2? is much lower than C N2.....one of them have to give, maybe they will balance at 517. Like I said before from the monthly chart perspective, the move will take time to base before starts pop-ping .....
I don't know one iota about weather and grains but if there was to be rain everywhere, then the street will become bearish...possibly a buy set-up will show up for a position trade, for now swing trades is what I see.
As always, the market has the last word and in due time will show us the way.
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