Grain prices are in that seasonal rut thanks to #harvest14 selling pressure and favourable planting conditions as South America starts its seeding season. On the speculation side, hedge funds are starting to increase their optimism that grain and oilseed prices will begin to rise. That being said, in the last four decades, an ounce of gold has never been worth so much corn! As such, it’s suggested when this sort of relative value drops to historical levels, a correction is due. Further, another significant correlation is that the feeder cattle-to-corn ratio is at a record high (should we all get…
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