From The Edelson Institute: In just three weeks, futures traders became extremely bullish on the price of corn. Normally, I would say that’s an indication the price is too high and due to fall.
But in those same three weeks, the price of corn fell 8% … then rose 11% … then fell 8% … then rose 6% … then fell 6%.
The rollercoaster left the price back near a major low.