DGL - Corn And Gold Breach Key Levels To The Upside
Tariffs, schmariffs… When it comes to the price of agricultural commodities, weather trumps politics every time. China's retaliatory tariffs, a major source of pain for grains this spring, no longer matter. Mother Nature holds all the cards. Historically wet weather has wreaked havoc on this year's planting season, delaying both corn and soybeans. While there is still hope for bean yields, corn production will definitely be adversely affected.
Global demand for corn and soybeans is largely a function of the number of mouths to feed and what those mouths are fed. Exploding world population and