Corn's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.
Grains look like we are watching a Texas Holdem hand play out.
Commercials (big stack) flopped a full house
Speculators flopped two pair.
Speculators start the betting with a pot limit bet trying to push out the commercials……commercials just call
On the turn, convinced they are still way ahead the speculators bet heavy again only to have the commercial just call (he is happy this moron is betting into him)
It’s the river card that forces the speculator all in and the commercial calls taking the pot and busting the speculator.
The fundamentals in the grains are getting tighter and the speculator is selling….awesome set up.
It's one heck of serious game unfolding. Food inflation is not a simple talking point for commentators and clickbait. It sows the seeds of revolution. The wall around Washington hints that the ship of fools is not as stupid as advertised.
It will be interesting to see if the invisible hand is accumulating, or distributing during seasonal weakness. Corn's DI & WA will show us the way. Please watch it closely. If you can't download the Matrix, now is the time. Don't confuse that comment as a shameless promotional plug. The markets are beginning to discount 2022. 2022 won't be a repeat of 2021.
We'll also know if food inflation is just an entertaining narrative, or something else. The Internet is so focused on weather, but I sense something bigger is unfolding, and it's not a function of monetary expansion. Monetary inflation doesn't cause inflation. Loss of confidence does.
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