Corn become far cheap

johnN

https://seekingalpha.com/article/4265929-corn-became-far-cheap

Corn become far cheap

Summary

Corn followed the beans on trade news.
Energy prices have been supportive of corn.
Ethanol moved higher.
The uncertainty of the 2019 crop year.
CORN is an alternative to the futures market.
Looking for more? I update all of my investing ideas and strategies to members of Hecht Commodity Report. Get started today »

Anyone dipping into corn?

Derf

Not here. I'm still seeing last years corn crop with plastic covering it.
Derf

Old_Skeet

I gain my exposure to corn (and other commodities) through my commodity strategy fund (PCLAX). It moves more in step with oil rather than corn.

hank

Corn is used to produce ethanol which competes with oil on the global energy stage. So if you’re happy with the price action in oil recently, adding corn to the mix may hasten combustion.

Derf

@ hank:adding corn to the mix may hasten combustion. In the engine, market, or both ?
Derf

hank

@Derf ... combustion of portfolio

Old_Joe

I gain my exposure to corn through my local Safeway. 4/$1.00 this week!

johnN

sold PHO few months ago. water ETF is bad took 30s% loss.
maybe cheap to buy corn and oil now [if retards on both sides complies w/ Trade agreements]...Unless US have a major recession.

Emergent markets maybe heading to large corrections/early recessions soon > 10% down so far this yr from the high

johnN

.