I may be too optimistic about this year's corn crop. After writing an article on corn last month for Barchart, "Corn Trend: If You Build It, They Will Come," a significant seasonal buy did not materialize.
Typically when a pattern this consistent fails, prices fall. An example would be looking at the crude oil contract. A powerful seasonal rally usually occurs from January to May. Oil traded sideways through this seasonal window before collapsing from $84 to $64 basis of the June crude oil futures contract. Resulting in a mini-flash crash on the May 04 Globex open as positions were liquidated on margin calls by brokerage firms.
