About this chart: This is the CBOT Corn monthly continuation chart. You can see the major lows every four years going back to 2016. I have also shown the 100-day (red line) and 200-day (blue line) moving averages. In September 2022, the 100-day moving average fell below the 200-day moving average and is still below that key resistance price level. Since August, the monthly chart shows a series of higher highs and higher lows. Now watch for the 100-day moving average to close over the 200-day; that will signal a low similar to 2020.
What this means for you: The longer this base extends, the more explosive will be the rally.