Mar 7, 22 Corn Pullback - Buy opp?
In looking at Corn, you know that Crop Planting in the Ulraine is in less than 60 days. Who here thinks that that is actually going to happen with what's going on over there??
If they can't get their corn planted, there could be some supply issues. Add the shipping delays that the world is experiencing and the price could continue to go up. How high? Not sure. But last week corn was on a tear up. Today it is coming down some.
Maybe a Buy Order in around 720? I will keep watch to see how low it will go but 720 seems like a support level to me. Obviously if price crashes through it and moves down 700 would be the next logical support, and buying point.
Wheat has gone limit up for over 5 days now - Corn went crazy last week and today is in a pullback. I don't know for sure, but I believe over the next month, Corn will continue to go up. I just want to get in on a pullback and ride price up so that's what I'm looking for.
Stay safe.
Heiko
If they can't get their corn planted, there could be some supply issues. Add the shipping delays that the world is experiencing and the price could continue to go up. How high? Not sure. But last week corn was on a tear up. Today it is coming down some.
Maybe a Buy Order in around 720? I will keep watch to see how low it will go but 720 seems like a support level to me. Obviously if price crashes through it and moves down 700 would be the next logical support, and buying point.
Wheat has gone limit up for over 5 days now - Corn went crazy last week and today is in a pullback. I don't know for sure, but I believe over the next month, Corn will continue to go up. I just want to get in on a pullback and ride price up so that's what I'm looking for.
Stay safe.
Heiko
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