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“Harvest low” likely in place for corn futures

October 19, 2021 by Jim Wyckoff

The corn futures market has showed some strength recently, right during the harvest season when seasonal downside price pressure is generally seen. While the corn bulls have some more work to do in the near term to start a price uptrend, it does appear that a “harvest low” is in place and that prices can trend at least sideways, if not sideways to higher into the end of the year. Corn and the grains will also likely get price support from bullish outside markets that include crude oil and other raw commodity markets seeing significant price appreciation amid inflation concerns. Stay tuned!

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

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