Perhaps that is why so few do it. The corn and soybean long-term price charts are cases in point. Soybeans: Note point “A” corresponds to the price finally exceeding $12.00 to start January ...
For the week, March corn was 3¼ cents lower and December ... was also accompanied by the March contract closing below long-term chart support of $12. So why didn’t that area hold?
Monthly charts for US stock indexes are littered ... What about my favorite long-term investment market – Corn? The events of this past weekend, most notably the announcement of promised tariffs ...