We’re really bullish on gold and silver, but those aren’t the only commodities heating up. Take corn for example, it ended last week going up the absolute limit allowed by the Chicago Board of Trade.
Take a look at this chart and you’ll see what we mean …
You can see that corn has been spiking all this month. Â And we think it has at least another 10% more upside potentially.
What’s driving this move? The U.S. is the world’s biggest exporter of corn, and our inventories just slumped to a four-year low. While U.S. exports of corn doubled in the last week.
What’s more, even though U.S. corn plantings are going to expand this year to cover the second-largest area since World War II, the supply/demand squeeze is merciless.Â
On the supply side, a La Nina weather effect is imposing a drought on the Southern U.S., and that could hurt yields in corn crops already stressed by heat and lack of moisture.
On the demand side, 40% of the U.S. corn crop will be used to produce ethanol. And, demand is continuing to ramp up in China, which not only has 1.3 billion people who want to eat more and better food, it is battling its own lingering drought.
Add it up, and it all looks bullish for corn. The good news is there is a fund that lets you play the price of corn, the Teucrium Corn Fund, symbol C-O-R-N. My Crisis Profit Hunter subscribers already own it, racking up sweet open gains. I think there’s more to come.
