Dec CBOT corn
So does that mean the expectation is for the next 4 years there will be deflation?
As near as I can tell the US has never deflated the country out of anything.
They have always inflated themselve out of problems.
Paid back loans with cheaper dollars.
And the Fed is into quantitive easing on a massive scale.
Either the country goes bust or buying corn for cheaper 4 years hence looks like a fair gamble.
But greedy me thinks it will get lower before higher and the market can stay irrational longer than i can stay liquid.
Re: Looking ahead
all i know is it's REALLY inverted which means underlying strength. Beans inverted through '16, too.
not that i've been around very long (1996). Never seen a grain board THAT backwardated!!