Corn Poised for Major Rally as Wheat Needs Confirmation; Both Project May/June Surge in Price. Are 2019/2020 Food Crisis Cycles Soon to Emerge?
Corn Poised for Major Rally as Wheat Needs Confirmation; Both Project May/June Surge in Price. Are 2019/2020 Food Crisis Cycles Soon to Emerge?
05/15/19 Weekly Re-Lay Alert – The China Syndrome II: “Soybeans, Corn & Wheat all dropped to new lows with only Corn again holding support and corroborating analysis for a new rally into June from current levels (see May 2019 INSIIDE Track for monthly cycle analysis). It has turned its daily & intra-month trends up but needs a weekly close above 373.0/CN to validate that scenario.
Soybeans & Wheat are similar, though not quite as bullish, but need confirming closes.”
Corn & Wheat poised for major rallies after fulfilling multi-month cycle lows (late-April 2019) and reversing higher. Outlook calls for initial strong rallies in May/June 2019… and could be harbinger to Food Crisis Cycles forecast for 2019 – 2020.
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.