Corn and Crude Convergence

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Good article on corn this morning by Smart Money Europe (Zero Hedge link).

The bottom line is that corn is sitting at a two year high. Reading SME
you have to conclude there is more on the upside. I’m lifting this chart
from the piece to make a point:

I was looking at this (ugly) chart and realized this was the same chart
for crude. Now look at this chart that compares the two. (Note: I use
Brent as I think WTI is irrelevant)

This chart is truly ugly. Looking at this it hard not to conclude that Corn = Crude as far as directional price moves go. Which is the dog and which is the tail?
I think crude drives corn. It takes a bunch of energy to grow…