“Turn-Around Tuesday” Fontanelle Final Bell Audio Podcast w/Susan Littlefield

Part 1: Livestock Markets & The Funds vs. Fundamentals Disconnect For A Commodity “Super-cycle”
Part 2: Grains Show Us How Funds & Fundamentals Work Together

World Stocks/Use: Wheat = 37.8% / Corn = 24.5% / Soybeans = 23.5%

U.S. Stocks/Use: Wheat = 42.5% / Corn = 9% / Soybeans = 2.6%

USDA: April, 2021

Note on the S&P/Goldman Sachs Arg. Commodity Index Chart Below The Time-Counts of this current rally vs. back in 2010: 9 months with one correction month back in 2010-11, vs. 12 months currently with one, smaller correction month. I’m also watching closely the stochastic oscillators on this chart as a “LEADING INDICATOR”, as we are not up to “Overbought” levels not seen since the 2011-12 rally. Once these lines cross and stimulate a “sell”, I’ll use that as a key indicator as to fund length being possibly topped-out. -Mike

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