- Looking at the December 2015 corn contract there’s really no clear direction in the market. We continue to be in a sideways trading pattern but still in the downside trend. However there is almost a Golden Cross forming (very bullish). We will continue to keep watch, but there will need to be big spark in order to get this market started. (Please see 2015 December Daily Corn Futures chart provided by www.qtplus.com below chart below or in the Daily Video or Power Point Presentation)
A friend came up with these questions:
1 Corn planting acres this year?
2 Late planting?
3 Russian wheat drought?
4 Dollar value abroad?
5 Oil might drop until the fourth quarter 40 to 80 per barrel? Will oil fracking stop due to low price?
6 California without water for crops? Will we in Midwest start growing more truck crops?
8 Isis and what the USA created for the world to deal with?
9 I noticed the jet stream all winter with movement from south to east of the smokey mountains, Will it change this summer or will we be dry?
What do you think? Lots of variables out there, aren't there? Some of these are just talking points but some have more impact on price.