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Is There A Bullish Breakout For Grains On The Horizon?

Published 05/30/2019, 07:04 AM
Updated 07/09/2023, 06:31 AM

Grains Facing Breakout

Are long-term frustrations in the Grain (Corn, Wheat and Soybeans) markets about to end? In my humble opinion, what happens with each one will go a long way to answering this question.

Long-term trends for grains remain lower for more than 5-years. Over the past couple of years, they’ve done nothing more than trade sideways.

The very short-term rally of late in the grain complex has Corn, Wheat, Soybeans and Ag ETF DBA each testing important breakout levels at each (1).

With the long-term trends being down, each is currently facing critical resistance breakout tests.

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thank you Sir
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