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Jim Wyckoff

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Corn Needs To Lead on Summertime Grain Market Rallies

July 8, 2019 by Jim Wyckoff

Corn has been the upside leader in grain prices for several weeks. Corn has begun to rebound but soybeans and wheat have lagged. It’s likely that more gains in corn this week would pull soybean and wheat prices higher, too. Historically, the early-July timeframe is critical for the grain markets, as weather patterns in the U.S. Midwest can change as mid-summer approaches. With the corn and soybeans behind in growth development this year, weather forecasts for the next two to three weeks will produce extra-sensitive reactions from grain traders. Stay tuned!–Jim

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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