Dominate Your Market
by Jim Wyckoff
The USDA on Wednesday issued very bullish U.S. planted acreage numbers for corn and soybeans and both markets quickly locked up their daily trading limits. May corn futures saw a bullish upside “breakout” from the sideways trading range at higher price levels and hit a contract high. The grain market bulls are back in firm overall near-term technical control. Corn and soybeans are the leader and wheat will be a follower for at least the near term. Stay tuned! Jim
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