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Corn and Soybeans Show Chart Signals Market Bottoms in Place

July 23, 2018 by Jim Wyckoff

The corn and soybean futures markets last Friday posted technically bullish weekly high closes, following a good week of upside price action. These are chart clues those markets have finally put in market bottoms. However, the bulls still have some heavy lifting to do to suggest those markets can sustain a near-term price uptrend. It is my bias that corn and soybeans have bottomed out and that prices will trade at least sideways, if not sideways to higher, in the coming weeks. Stay tuned!

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

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