Corn Long. An analysis of the rise in the price of corn, published last week with a beautiful profit, is another in a series of successful Trend Following strategies. Even the market appears to be significantly overbought, CA analysts continue to publish long analyzes. The full potential of this market is certainly not exhausted. The corn market is maintaining a net upward trend. For many, analyzing the rise in price when looking at the chart of the last 2-3 years may seem crazy, but an experienced investor, analyst, is looking at more complex data. Looking at the longer history, we can see that the price of the corn contract on the CBOT was at much higher levels. Due to the growing problems in growing areas and Covid19, we may encounter new levels of trade next year.
Chart and table source: WebTrader