Corn - next one to be squeezedCorn FuturesCBOT_DL:ZC1!KumowizardWhat is the largest input cost for corn production? -> Nitrogen Where do we get it from? -> Gas production Urea price range has already reached 600-660 $ range. Guess what happens if this goes above 700 $? Add general energy crisis effects (cost inflation, transportation, etc.), and you have the setup for a perfect inflationary storm in food and agri products. Especially for corn, which is the most nitrogen based pesticide dependent crop. Now look at technical setup and potential targets. Daily: - Bullish trend, price is above daily and weekly Kijun Sen lines. - Heikin-Ashi buy signal from support Weekly: - double bottom formed - bullish bias - price is above weekly and monthly Kijun Sen lines First weekly resistance is around 475, second weekly resistance and potential first target on Daily is 502. A close above this level would open space to 600-700 zone. If you feel you missed the Oil rally, keep your eye on this, as I think it has an extremely good risk/reward to play long.