July corn futures prices have rallied well up from the May low and are now in a fledgling uptrend on the daily bar chart. It’s that time of year when weather market scares pop up quickly in the corn and soybean markets. The present posture of the corn market suggests speculators are moving to the long side in anticipation of a weather market rally. Typically, the last week in June to the first week of July is the critical timeframe for weather markets in the grains to gain steam, or to fizzle out. Stay tuned! Jim Wyckoff