The corn and soybean markets are in rally mode amid a full-blown weather scare in the generally dry U.S. Midwest. Now, wheat bulls have hopped on for the ride. Wheat prices are trending higher and the bulls have the near-term technical advantage. Look for wheat to continue to follow the moves of the corn and soybean markets in the coming weeks. For the grains, the time period from late-June/early July is a critical timeframe for potentially pivotal price action. Existing price trends can be reversed or accelerated in this timeframe. Stay tuned! Jim Wyckoff