The grain futures markets are now wobbly after a strong bull market run pushed prices to contract and multi-year highs just recently. Corn prices have led the down-move but it’s the wheat markets that have suffered the most chart damage. At the very least the grain market bulls are tired and need a rest–meaning sideways trading in the near term. However, if there is more solid selling pressure in the grain markets this week, major market tops could be in place. It does appear at this time the grain markets will need a fresh fundamental spark to reignite bull market runs, and that spark would most likely need to be a significant weather market scare in the U.S. Corn Belt this summer. Remember that more years than not there is some degree of a spring/summertime weather scare in the grains. Stay tuned! Jim