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Grain Market Bulls Anticipating Weather Market Scare This Summer

May 22, 2018 by Jim Wyckoff

The grain markets have come to life in recent weeks, showing more volatility. The bulls are excited about a summer growing season in the U.S. Corn Belt that some weather forecasters are predicting will be hotter and drier than normal. More years than not during the planting and growing season in the Corn Belt, at least one weather scare occurs. Keep reading my daily reports for those early clues on developing weather markets and their likely intensity. See on the daily bar chart for December corn futures that prices are already trending higher and on Monday set a new 10-month high. Bulls are in technical command in corn, to suggest still more price gains in the near term, even without the help of any imminent weather scare. Stay tuned!

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

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