Todd's Take

How Bear Markets End

Todd Hultman
By  Todd Hultman , DTN Lead Analyst
Connect with Todd:
@ToddHultman1
The chart shows ending stocks-to-use ratios for U.S. corn from 1979-80 to the current 2014-15 season. The current surplus pales by comparison to the record high of 66% in 1986-87, but the same bearish dynamic is at work and, once again, it will take more than low prices to turn the bearish trend. (DTN chart)
The chart shows ending stocks-to-use ratios for U.S. corn from 1979-80 to the current 2014-15 season. The current surplus pales by comparison to the record high of 66% in 1986-87, but the same bearish dynamic is at work and, once again, it will take more than low prices to turn the bearish trend. (DTN chart)
Here's what they don't teach you in econ class.

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Todd Hultman

Todd Hultman
About the Author
Connect with Todd:
@ToddHultman1