Will there FINALLY be Bullish Markets in Soybeans and Corn in 2020?
What does the “Big Picture” look like?
Ernie Quigley’s 2020 Forecast
Both Soybeans and Corn have been in bear markets for 7-½ years, since June-July 2012. However, as subscribers know, my cycle analysis projects an important low during the 1st Quarter of 2020.
What comes after this low is the question. Will corn and soybeans have limited rallies or strong rallies in 2020? This will depend on fundamentals. There is much to monitor such as crop planting progress in Brazil and Argentina and the Weather outlook here in the U.S. Will there be a “Phase 1” agreement between China and the U.S? What about replacing NAFTA with the United States-Mexico-Canada Agreement (USMCA)? These are all fundamental factors that will impact the price of corn and beans.
Using the geometry of W.D. Gann’s Angles and Cycles, I present price estimates for both limited rallies and strong rallies in 2020.
My 2020 Forecast has a number of charts I used to make these geometric projections so one can have a good understanding of how these projections are made. Read more ›