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Peter Brandt, founder and CEO of Factor LLC, observes that there is currently a strong seasonal case for price tops in corn and soybean markets.
He states that unless weather changes induce a bull market, grain bulls may face challenges. Brandt also notes that in recent weeks, many bloggers and online commentators have been bullish on raw materials, going against conventional wisdom.
Brandt previously pointed to seasonal patterns, forecasting a decline in corn prices into harvest lows unless a severe drought occurs in his note on corn market seasonals. He has also highlighted a key level for gold miners, suggesting a shift from bullion may occur if the GDX to GC_F ratio exceeds 0.025. These observations come as traders weigh market fundamentals and technical triggers across commodities.