Large Corn Crop Ahead
Source: VantagePoint Intermarket Analysis Software
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- The market moved down 60 cents.
- 60 cents = $3,000 per contract (About 13 trading days)
- When the blue line (forecast) crossed below the black line (actual), VantagePoint predicted the market to trend down. The Neural Index at 0.00 also indicated an expected down trend.
- Fears of rising food costs have been somewhat put to rest with news that farmers have planted a surprisingly large crop of corn and soybeans this year.