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Wheat futures prices trending up

April 29, 2024 by Jim Wyckoff

The winter wheat futures markets bulls have finally come to live the past few weeks. Soft red winter and hard red winter wheat markets are trending higher on the daily bar charts, to suggest still more price upside potential in the near term. The fact that wheat markets have bottomed out and are trending up also suggests that corn and soybean markets have put in price bottoms and also have the potential to sustain price uptrends in the coming weeks. It’s also the “weather market” season for the corn and soybean markets. Most years find the grain futures markets seeing some degree of a weather-market rally during the summertime. Stay tuned!

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

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