The grain futures markets are starting to come to life, led by corn futures, whose prices last Friday hit a seven-week high following a bullish USDA report. Seasonal studies are also starting to turn friendlier to the grain markets. The planting and growing seasons for corn, soybeans and wheat are beginning and “weather markets” can pop up in a hurry and boost prices quickly and unexpectedly. My bias is that the grain futures markets have put in major bottoms and will see prices trending at least sideways in the near term, if not sideways to higher. Stay tuned!—Jim Wyckoff