Has Corn Bottomed?

April 30, 2010 12:56 AM


Linda H. Smith, AgWeb Business and Marketing Editor
It was an exciting week in the markets, says Jerry Gulke of the Gulke Group. "China came into the market and that's a big psychological factor.” Meanwhile, chart action suggests the bottom may be in, he says. "It feels a lot like the market did just before the big run-up in corn prices the last time.”
One lesson learned then was that end users need to have some protection in place and not assume a big crop is on the way and prices will fall into harvesttime.
Listen to Jerry's comments for more on why the bottom may be in.
For More Information
For Gulke's updated charts, e-mail Ashley@GulkeGroup.com

You can e-mail Linda Smith at lsmith@farmjournal.com.

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