There has not been anything new since my previous post on the 16th. Everything is becoming stretched. My calls for a bottom in corn were early, and I blame that on not factoring in that oil was making an intermediate cycle low, pulling all the commodities down with it. When you connect the dots, you can see how tightly corn has been trading with oil and the entire CRB index, and the CRB Index with the dollar. The Dollar post on July 16, the dollar should be rolling over now and headed towards its 3 year cycle low.
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