Corn & Wheat Fulfilling Projected Rallies; Mid-2019 Peak Would Corroborate 2020 & 2022 Cycles!
05-30-19 – “Soybeans, Corn & Wheat have all surged, corroborating analysis for a new rally into June from late-April levels – when weekly & monthly cycles bottomed in Corn and Wheat.
Corn is leading the way and has already fulfilled (Weekly Re-Lay) projections for a surge to 435 – 443.5/CN – where an initial top could take hold. In late-April, Corn fulfilled a 24-week high-high-high-(low) Cycle Progression as Wheat was completing a larger 16-month low (April 2015) – low (Aug. 2016) – low (Dec. 2017) – low (April 2019) Cycle Progression. Both projected (at least) 1 – 2 month rallies.
Wheat has the potential for a substantial rally into 3Q 2019 and up to multi-year highs – that would then fulfill a myriad of overlapping monthly cycle highs and the 2 – 4 year outlook since mid-2016 (see inset)…
That includes a 12 – 13 month high (May ’14) – high (May/Jun. ’15) – high (Jun. ’16) – high (July ’17) – high (Aug. ’18) – high (Aug./Sept. 2019) cycle and a 12-month low (Aug. ’16) – high (Aug. ’17) – high (Aug. ’18) – high (Aug. ’19) Cycle Progression.
A high in July – Sept. 2019 would also complete a 7-Year Cycle from the July – Sept. 2012 peaks.
If a rally into Aug./Sept. ’19 is able to take Wheat above 593.0/W – its Aug. 2018 peak – Wheat would also be completing multi-year rallies of equal duration (3Q ’09 – 3Q ’12 rally = ~3 years & 3Q 2016 – 3Q 2019 rally = ~3 years). So, its late-April cycle lows could hold for 6 – 12 months, if confirmed.
Corn has remained above its 3Q ’16 low and set a higher low in 3Q ’18, reinforcing focus on major cycles in 3Q ’20 (see May ‘19 INSIIDE Track)… Corn needs a weekly close above 404.75/CN and Wheat needs a weekly close above 492.75/WN – ideally on May 31 – to turn their weekly trends up and confirm multi-month lows.”
Grains are steadily rallying from major lows forecast for 3Q 2018 – the convergence of multi-year cycles including 1, 2 & 4-Year Cycles in Corn. Corn & Wheat have been projecting strong rallies into May/July 2019 before another pullback. Corn remains focused on future cycles in 3Q ’20 and then in mid-2022 when the 2-Year Cycle portends a future peak (potentially the culmination of Food Crisis Cycles).
Could all of this coincide with the peaking of Drought Cycles in 2021… and the onset of Deluge Cycles in 2022 and beyond? (See discussions in 2015 – 2017 regarding the culmination of Drought and Agricultural Cycles in 2016 – 2021, projected to give way to seismic shifts in 2022 – 2024.)
~11-Year, ~40-Year & ~80-Year Cycles all converge in 2021/2022 and pinpoint the expected transition from one cycle to the next, including projections for a shift of major 40 & 80-Year Cycles of Agriculture (particularly in the US).
That is also when Corn has a corroborating 3-year low (July 2007) – low (Jun 2010) – high (July 2013) – high (June 2016) – high (May/Jun 2019) – high (May/June 2022) Cycle Progression – projecting a 1 – 2 year peak – that would be reinforced by an intervening 6 – 12 month peak in May/June 2019.
Wheat has a ~6-year low (2004) – low (2010) – low (2016) – high (2022) Cycle Progression that is being reinforced by a ~33-month low (3Q 2016) – low (2Q 2019) – high (1Q 2022) Cycle Progression.
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.