10yr Corn outlook: 1 thought (of many I have) on the potential course of the corn market for the next 10 years. I feel the job of the market is to find a price high enough to ration future demand. Could be 7.80, maybe 8.50, or even 9.50. The potential is there for any of those numbers to mark a major swing high for Corn. The higher that mark is nearby, the more corn rations future demand. The low found after a major high is made could mark an area for the future multi year market structure. The market should remain very sensitive for another few years. Sensitive to world demand and production misses across the globe. There are many climate cycles coming ahead that are all supportive to potential Ag production shortages. **Not a prediction, something to watch**
At some point we return to a tighter, more defined market structure working low prices against the long term uptrend line… 4.50-5.25 ???
At some point we return to a tighter, more defined market structure working low prices against the long term uptrend line… 4.50-5.25 ???
