- The December corn futures contract looks to have made an early move to a seasonal downtrend.
- Meanwhile, the Teucrium CORN ETF remains inn a long-term uptrend.
- Fundamentally, the corn market remains long-term neutral.
As you likely recall, I view the corn market, in all its different forms, as a solid long-term investment opportunity. To me it is like the Treasury market in the Financials sector, providing stability in the otherwise increasingly volatile Grains sector. In my portfolio it also fits a number of well-established investment criteria starting with Peter Lynch’s idea of “investing in what you know”. To this we can add Malcolm Gladwell’s “10,000-hour rule” that suggests “10,000 hours of deliberate practice are needed to achieve mastery in a particular field”[i]. I moved to the US Corn Belt 21.33 years ago:
