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| Where could corn make it’s highs?
If you take a look at 2011 to 2014 it looks awfully similar to that of 2021 to 2024.
The only difference between 2014 and 2024 so far is that in 2014 we bottomed a month earlier, in January instead of February.
In 2014 we topped out on May 9th.
So if 2014 and 2024 price action follows the trend of prior decades following each other, this suggests corn could potentially top out in early to mid June around that $5.19 area.
No two years are the same, but just an interesting observation….
(Chart shows front month contracts)
 (D3F62796-B48E-42CF-BFDB-DF91A4091B09 (full).jpeg)
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 D3F62796-B48E-42CF-BFDB-DF91A4091B09 (full).jpeg (81KB - 24 downloads)
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2014 vs 2024 corn
