Might be a bullish close below the yearly open on corn futures.
Tariffs can negatively impact prices but maybe some seasonality will drive some higher prices to make a fresh yearly high at some point this summer.
There have only been seven years since 1981 that have not seen a summer corn price rally, while several years have seen multiple. Last year was one of the years that did not see a rally, with 2014 being the second most recent. Only once has there even been two consecutive years without a summer rally — 1985 and 1986. Considering the farm program in those years provided an utterly different dynamic, the chances of that happening again seem low.
There have been 52 summer rallies over the last 44 years; 14 of those rallies began in the first three weeks of May though June is historically the most common time for a rally to begin.
Tariffs can negatively impact prices but maybe some seasonality will drive some higher prices to make a fresh yearly high at some point this summer.
There have only been seven years since 1981 that have not seen a summer corn price rally, while several years have seen multiple. Last year was one of the years that did not see a rally, with 2014 being the second most recent. Only once has there even been two consecutive years without a summer rally — 1985 and 1986. Considering the farm program in those years provided an utterly different dynamic, the chances of that happening again seem low.
There have been 52 summer rallies over the last 44 years; 14 of those rallies began in the first three weeks of May though June is historically the most common time for a rally to begin.
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