Chart of the Week: Corn and Election Years

About this chart: This is the monthly corn chart showing the four-year pattern of election year lows. You can see since 2012 how corn prices have rallied from the March lows to the highs as early as May or as late as November every four years. Watch for the first Friday-to-Friday higher close to project a low. A change of trend will develop when futures close above the two previous weeks’ high.

What this means for you:  The news is bearish but the long-term cycles I work with project higher prices by later this year.