I see that in the last 2 major tops in Corn futures had significant pops at the .786 fib retracement and never completed the H&S to baseline and my premise is that its baked in inflation and it will happen again truncated descent right here. Its in a wedge descending to a narrow point and ready to meander upwards steadilly or pop I also think food prices and corn are not in step due to export bans on corn from USA in many countries but I believe the balance is achieved now.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.