In this idea, I am trying to read and forecast the behavior of the chart in the next 4.5 months . I do not follow corn production, harvest, demand, etc.
Since April 2022 (its 9-year highs) has lost about 40% . Its relatively long-going bearish trend means that most of the drop likely has happened.
Let's quickly study previous drops that lasted more than a year...
*EDIT in text quote on left of chart - *Synchronicity in between
I have created an equally weighted portfolio of 5 sustenance based commodities including Soybean, Soybean Oil, Sugar, Wheat, and Maize (continuous fwd contracts). This is an update to the first chart I have published (rough rice) which isn't updating for some reason but if you see the RR1! graph on...