The grain markets are seeing some new buying interest due in part to rallying world stock markets that are at or near record or multi-year highs. Traders reckon that rallying stock markets mean better world economic growth, which means more demand for grains. See on the daily bar chart for March corn futures that prices last Friday closed at a bullish weekly high close and on Monday hit a three-week high. It’s my bias that the grain markets have put in, or are very close to putting in, major market bottoms. Stay tuned!–Jim
