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Jim Wyckoff

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Soybeans Heating Up As Grains Get Weather Market Scare

June 13, 2019 by Jim Wyckoff

The soybean futures market saw solid gains at mid-week to jumpstart a price uptrend on the daily bar chart. The bean bulls now have momentum to challenge chart resistance at the early-June highs. A push above the early-June highs in soybeans would give the bulls much more technical power to suggest a solid leg up in prices in the near term. Importantly, as the summer is unfolding in the grain markets and the weather has been bullish for the grains, the corn market has been the upside leader and will very likely continue to lead the grain futures markets. Stay tuned!–Jim

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

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