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Weather market scare in the grains

June 3, 2021 by Jim Wyckoff

Grain market bulls have made a strong recovery from recent selling pressure, amid a fresh weather market scare, to suggest the markets put in near-term bottoms last week. The extended weather forecasts for through at least mid-June are calling for warmer and drier weather conditions in much of the U.S. midsection.  Look for more volatility in the grain markets for at least the next few weeks. The July 4 holiday period many years proves to be a pivotal time in gain futures trading. For an fun look at weather markets, I suggest you read a feature story I wrote on the matter a few years ago. Just email me at jim@jimwyckoff.com and I’ll email it back to you. Stay tuned! Jim

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

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