Tuesday, March 11, 2014

Crop demand to beat expectations

Everybody knows there's going to be a big crop. Farmers like to plant corn. Three to four million acres of corn land should go into soybeans, but probably won't. I suspect the crop is going to be fairly good sized, but I think demand is going to be shockingly better than people anticipate. It's not making new lows. 

You learn in the business of trading that when something doesn't go down on bearish news, especially when something goes up on bearish news, you probably ought to be bullish on it.