Maize (Photo credit: amcdj) |
The fallout of the aridity hasn't been relegated to the corn markets. Wheat and beans have seen substantial positive price performance. Front-month wheat has jumped to over $9 per bushel from roughly $6.30 a month ago. Over the same period, soybeans jumped to $16.80 from $13.80.
It is noteworthy that, even with the projection cuts for the corn crop, this harvest is still set to be one of the largest on the record. Corn prices could fall once harvest time comes. That said, weather reports don't show signs of relief. Across the Midwest, arid weather is due to continue with negligible amounts of rain expected for at least the next week or so. All this makes for continued strong price pressure for corn and has paid off for the Teucrium Corn Fund(CORN). Individual commodities are notoriously volatile, so an investment in CORN is only for a speculative investor willing to actively manage their allocation.... Continue to read.
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