The #Grains Remain Strong Going In to the #ReOpening $CORN $WEAT $SOYB

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Futures Grains Chart Weekly

#Grains - #Wheat - The upcoming big bull market $WEAT $CORN $SOYB $DBA $NTR $DE

Wheat prices have been strong lately (attachment 1). We have been writing for some time that we expect a major bull market in The grains complex: corn, soybeans and wheat.  

As the 10-year chart shows, wheat futures hit a 6-year high and look to be finally breaking out on the upside after a 6-year bottom formation. 

We have been signaling, since August and again in September, that this “stealth” bull market is just Getting started. This offers investors with the potential for some major medium to long-term gains, notwithstanding the short term volatility.  

Rally in #Grains & #Agriculture Stocks Just Getting Started $NTR $CORN $DBA $SOYB

Continuing with our previous comments on the coming bull market for grains, Soybeans $SOYB (attachment 1), Corn $CORN (attachment 2) and Wheat $WEAT (attachment 3) had a strong day yesterday.

Attachment 4 displays the strong corn sales in the new marketing year, which began on September 1, 2020 (see text below).

#Grains - Another #BullMarket in the making $CORN $WEAT $SOYB $JJG

 

Looks like the grains complex is preparing for a big bull market. The main reason seems to be the climate.

Grain prices tend to be volatile. So buy and hold is not the answer. 

Better to trade the grains. 

Attachments 1 to 3 are daily charts of the futures contracts of Corn, Wheat and Soybeans. All of them had positive price changes in the last 2 days.