Ag Analysis Report – 4/21/19…Is Corn Forming A Bottom??? – Part 2

I last wrote about Corn a little over a month ago,

Ag Analysis Report – 4/21/19…Is Corn Forming A Bottom???

Despite China considering a U.S. request to shift some tariffs on key agricultural goods, despite price forming lower highs and lower lows, price was respecting short and longer term up trendlines.

In a record-breaking wet spring, flooding in key farming regions has caused unprecedented delays to planting, causing lower-than-expected inventory levels. In corn, 58% of the intended planting has been done, compared with 90% at this point historically. “Now the market’s in a situation where you’re going to have very low

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