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Corn Is The Most Hated Commodity

11/13/2017

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The most-hated commodity this week is corn, where the Optimism Index dropped to 21 on Thursday. 
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Corn Sentiment at an extreme.  Of course, we have seen that since late August, corn or any commodity can reach an extreme and stay there for a long time.
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Statistics show that six months (120 days) after corn reaches such lows, corn showed a positive return 90% of the time, averaging 10.6%. Fundamentals look terrible, but they always do when pessimism has been this prevalent and this persistent in any commodity.

​Remember, you are in the arena with people with multi-million dollar research departments who are counting on you selling cheap corn.  Here is some sound advice however from multi-billionaire Warren Buffett who said "Be fearful when others are greedy.  Be greedy when others are fearful."  I will tell you that great rallies are preceded by extreme pessimism.
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Steve Wade and Tyler Wade of Wade Assurance are associated persons for AgDairy LLC.

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  • Home
  • Speculation
  • The Pit
  • Resources
    • Futures Contract Specs
    • Tools
    • Terminology
    • Past Trade Performance
    • Crop Overview >
      • Corn
      • Soybeans
      • Wheat
      • Supply/Demand Factors
    • About
  • Disclaimer