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It’s “Make or Break” Time for Grain Market Bulls

July 2, 2018 by Jim Wyckoff

The grain markets have been hammered the past few weeks and have hit contract lows during that time. Global trade war disputes that have cut into U.S. grain exports and very good growing weather in the U.S. midsection are major bearish elements at work in the grain futures markets at present. As the calendar has just turned to July, it’s a timeframe that history shows can see grain price trends reverse or accelerate. The bulls have some very heavy lifting to do to jumpstart price up-trends on the charts. It’s going to take a weather market scare in the coming few weeks to reignite the floundering grain market bulls. An easing of world trade tensions would also benefit the grain market bulls. Stay tuned!

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

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