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When it comes to poor performance over the last couple of years, Wheat sure comes to mind! The lower section of the chart above is the 2-year rate of change (ROC) applied to Wheat.
As you can see the ROC has been this low only a few times over the past 25 years. Understandably, few investors like wheat at the time (25% bulls).
A support line is coming into play right now too. This sector is very much on the radar screen for our members, with a specific game plan in mind.
Is this a “scary trade idea?” I love this type of risk/reward set up in the grain complex!!! If this worm turns, JJG has a chance to create some extra pocket change for investors.