Soybeans, Corn & Wheat Prep for New Surges into Mid-2021; New Rallies into 2022 Likely.
Outlook 2021 – Parabolas
02-27-21 – Soybeans, Corn & Wheat are in a period of consolidation after Soybeans surged for ~9 months (the same amount of time they rallied in 2012) and for almost $7.00/bushel (the same price amount they rallied in 2012) and fulfilled their 8-Year and 16-Year Cycles of parabolic moves.
That 16-Year Cycle has timed accelerated advances every 15 – 16 years since 1972/73, including price surges in 1988 and 2004.
While their overall wave structure argues for another multi-month advance – in 2021/2022 – Soybeans could find resistance at 1450 – 1500/S for a few months.
Meanwhile, Corn is focused on its own 2-Year Cycle that projects an overall advance into June/July 2021.
That would time another peak in a sequence that already includes 1 – 2 year (or longer) peaks in July ‘13, July ‘15, July ‘17 & June/July ‘19. That overall advance should take Corn back to (at least) 630.0/C and could spur even higher levels if 630.0 is exceeded before then.
Wheat remains in the (perceived) middle stages of a major advance that could trigger a surge back toward ~950/W potentially by/in July 2021. Depending on how and when that target is reached, Wheat has the potential to see even higher levels in the next 12 – 24 months.
To begin the month of Feb., Wheat set a series of successively higher lows – each time pulling back to the rising 21 High MAC and then reversing higher. That spurred a rally to new highs and should continue to support prices in the coming weeks.
1 – 3 month & 3 – 6 month traders could have entered long positions in July Wheat futures at 625.5 down to 615.5 & should now risk [reserved for subscribers]… TRADING INVOLVES SUBSTANTIAL RISK”
Grains are poised for new surges into mid-2021 and ultimately into 2022. They are in the culmination of a 40-Year Cycle of Drought & 80-Year Cycle of Agriculture (~2021) – the time when parabolic moves are most likely in a textbook example of the 90/10 Rule of Cycles.
~11-Year, ~40-Year & ~80-Year Cycles converge in 2021/2022 and pinpoint what could be a seismic shift in natural, geopolitical and market cycles at the same time many food/commodity inflation cycles culminate. Wheat is in the earlier stages of what could/should be a powerful rally into 2022.
On a 1 – 3 year basis, Corn has a 3-year low (July ‘07) – low (Jun ‘10) – high (July ‘13) – high (June ‘16) – high (May/Jun ‘19) – high (May/June 2022) Cycle Progression – projecting the next 1 – 2 year peak. Wheat has a ~6-year low (‘04) – low (‘10) – low (‘16) – high (2022) Cycle Progression that is reinforced by a ~33-month low (3Q ‘16) – low (2Q ‘19) – high (1Q 2022) Cycle Progression. Soybeans have an ~8-month Cycle Progression that portends future peaks in ~May ’21 & ~Jan ’22.
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.