Large Corn Crop Ahead

Source: VantagePoint Intermarket Analysis Software

To see more FREE recent market predictions for corn go here!

  • 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.
  • The unexpected increase in planting could mean crop supplies won’t be as tight this year as many analysts feared. Lower commodity prices would be welcomed by ethanol makers and meat companies that have been hit by higher feed prices over the last two years.