Thursday, August 21, 2008

Bubble? What Bubble?!

Today, we are beginning to see the reemergence of a commodity price bull trend. These charts show the daily charts for corn and soybeans. Prices for both have moved significantly higher overnight. Notice also that prices have reversed and are moving higher over the past few days. The price of corn is higher seven of the past eight days! The bulls are back! How long it will last is anyone's guess!

Corn
Soybeans