I donât know about the grain fundamental, but the relatively low prices these days attracts my attention. DBA (an agriculture ETF based equally on wheat, corn, soybean and sugar futures contracts) for example, went from $43 12 months ago to now around $24 (see the price chart). What do you grain traders see the prices or trend for the grains in the next 12~18 months or so?
next 12 months...hmmm..I dont usually speculate out that far. $3.00 corn (with spikes down to 2.50), $7 beans (yes I know...a little higher than the normal bean/corn ratio), $4 Wheat, and $10 rice...hell if I know on the sugar
Btw....if you are trading DBA, don't concern yourself with any other price than the July board...DBA rolls July to July in the pits.