The Trend is Your Friend… 'Til it Isn't - A well-respected meteorologist recently remarked, 'drought begets drought' and 'drought never breaks easily'. While he never said 'trend', he certainly implied that dry conditions persist until evidence proves otherwise. The same principle holds for agricultural markets

A University of Missouri analyst argues that markets and drought conditions tend to persist until clear evidence reverses them, citing a meteorologist's comment that drought begets drought. The piece also notes that analysts have repeatedly misjudged Chinese demand, underestimating soybean imports and overestimating corn imports.