Dominate Your Market
by Jim Wyckoff
Veteran grain market watchers have been very surprised by the recent solid rallies in grain futures prices. What is normally a time of year when traders are focused on large supplies coming to market amid U.S. harvesting activity this year sees attention on hefty demand, especially from China. Grain market traders: keep an eye on crude oil. If that market sells off further in the near term, grain markets are likely to see their price uptrends stall out or even reverse. Stay tuned!– Jim
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