After seeing today’s bloodbath in the grains – I have to believe a lot of hot money sprinted to the exits, with the big down day in equities.
Yikes! (Source: Barchart.com)
Though grains certainly have enticing longer term fundamentals, today it was limit-down across the board!
Perhaps astute contrarian-minded investors were tipped off to a potential top in the grains markets when I jumped back into the rough rice market after two years of deflation detox.