Ever wonder if there’s a way to predict what’s going to happen in commodity markets? John DePutter has a quick and easy method that won’t cost you a cent.
“Look at when oil was over $100 (a barrel),” the president of DePutter Publishing told attendees at FarmTech. “Books were on the shelves in Chapters saying the world was going to run out of oil and the market would never stop going up. Find out what the most popular books are and then go against that trend.”
DePutter urged his audience to periodically look at graphs of commodity prices charted over several decades to remind themselves that commodities move in cycles.