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Price spikes in corn tend to be followed by consolidation periods lasting several months, but...

Price spikes in corn tend to be followed by consolidation periods lasting several months, but even if the easy money has been made, Ned Davis Research says specialty chemicals should still outperform. Stocks with high sensitivity to the price of corn - including POT, MOS, CF and ROC - have beaten the S&P 500 by an average ~25% in the year after a corn spike.
Comments (1)
  • ellemonceaux
    , contributor
    Comments (7) | Send Message
     
    CF is in process of consolidating to mid 90's off of the 200 high from which it always retreats. It could easily narrow and lower its channel to 193 - 196 no matter what the corn condition. We are talking about next planting year. CF can't restore the losses in 2012 crop.
    1 Aug 2012, 12:33 PM Reply Like
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