See on the daily bar chart for December corn futures that prices are in a gentle uptrend. However, the market is languishing at lower price levels and will likely continue to do so without a significant weather scare developing in the Corn Belt this summer. More years than not, some degree of a weather market does occur in the grain futures during the planting and growing seasons. If you’d like to read my “Fear and Greed in a Weather Market” story I wrote a few years back, I’d be happy to email it to you. Just send me an email at jim@jimwyckoff.com.–Stay tuned! Jim
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