Corn Markets May Be At Make or Break Point

A Farm Progress article

Corn futures and Nvidia may seem unlikely soulmates. Sure, the AI-darling is worth $5.5 trillion, 10 times more than the total value of world grain supplies. But the 25% rally in corn in July and August tops even the recent surge by the tech stock.

And, while Wall Street gurus disagree on the future of the chip giant, corn also could be at a make-or-break moment. The grain market is overbought according to momentum indicators. That signal doesn’t mean futures must retreat, but it does suggest a steady diet of bullish news may be needed to keep the party going.For the full article click here