An “Event” Market

What It All Means

I started writing in early September that the grain markets were ready to enter the biggest bear market in history. It wasn’t very popular and very few people wanted to believe it. It has now unfolded and the last chapter has not yet been written. There will be rallies in this market – but from where? As I stated before, this was not a year to store grain (a short crop) and that passing up $6.50 corn and $13 soybeans at harvesttime could prove to be very costly. It now appears it’s going to be more costly than even I thought.