Is anyone on /biz/ an expert in agricultural commodities?
I was looking at specific etfs, including CORN, WEAT, AND SOYB, and theyre all at their almost lowest historical points, because of three historic years in a row from farmers.
Is this as low risk, high ceiling as it seems? Also what will be the effect of the US dollar strength changes, contango, and an extended el nino as predicted by many meteorologists?
I don't expect a NA drought until 2018-2019 so fade any rally. Flooding is worse than a drought though for farming.