recently, the corn price has been driven up quiet crazy. All was due to the drought. estimation of yields is changing all the time and influenced market all the time. so question, how long this drought will last and how much it will influence on the harvest?
I thinks i may also went long in soybean. Because the soybean is the substitution with corn. The price direction will be the same for both of these two commodities. In a forseeable future, as can also observed from the historical data. It’s highly likely that the price will contiue fluctuated upwards.
Since i still got no experience in this future contract market. May be it will be more help to keep up with the news and information.
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