Corn Reinforcing Cycle Low; What Would Signal What Low… and Project May/June Rally? Are 2019/2020 Food Crisis Cycles on Horizon?

May 4, 2019 Eric S. Hadik

05/04/19 Weekly Re-Lay: “Soybeans, Corn & Wheat remain divergent with Soybeans plunging as Corn rallies & Wheat rebounds but remains negative. Soybeans & Wheat would show no signs of bottoming until, at the very least, daily closes above 857.75/SN & 448.0/WN.

In contrast, Corn remains strong and is strengthening the case for a rally into June (see May 2019 INSIIDE Track for monthly cycle analysis). However, it needs a weekly close above 373.0/CN to validate that potential.”

Corn & Wheat are fulfilling multi-month cycle lows in late-April 2019 and projecting strong rallies for May/June 2019. Could this be the first phase of Food Crisis Cycles forecast for 2019 – 2020?

Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.

tagged with 2019, August 2019 Plunge?, Climate Cycles, Corn, Drought/Flood Cycles, El Nino, Food Crisis, Food Crisis Cycles (2019), Grains, Soybeans, Wheat

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