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Jim Wyckoff

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Grain market bulls are fading fast

June 3, 2024 by Jim Wyckoff

The corn and soybean market bulls have gone into an early-summer swoon, with their price uptrends on the daily bar charts negated and bears seizing near-term technical control. It now appears the corn and soybean markets will languish and trade sideways-at-best for the month of June. The first week in July will be the next major focal point for grain markets traders. The U.S. Independence Day holiday is many times a pivotal timeframe for the grain markets. Existing price trends can be reversed, or accelerated. Stay tuned!

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

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