Like most I have been propagandized with the inflation dogma. However looking at the LT chart of corn you begin to see ominous trend----cyclical peak.
Corn has already declined 50% and hardly anyone has noticed. If on the other hand, stocks had declined by 50% we would be hearing to get out of the market because its going to zero.
Corn has seasonally peaked in May - Aug since 1996 and then proceeded to retrace .78 to more than 100% of its advance. Perhaps its different this time.
Last week Hadik said that he believed that commodities peaked except that grains will reach a secondary peak in 2022.
Edited by linrom1, 11 July 2021 - 09:18 AM.