Soybeans, Corn & Wheat Bearish Into July.

June 6, 2018 Eric S. Hadik

06/06/18 Weekly Re-Lay Alert:

“Soybeans, Corn & Wheat are reinforcing recent peaks, set in sync with multiple weekly cycles that projected final rallies into late-May/early-June.

All three have turned their daily trends down, with Soybeans & Corn also turning their intra-month trends down. That increases the potential for an overall decline into mid-to-late-July.”

Grain markets fulfilled late-2017 analysis for a 4 – 6 month advance to begin 2018 and have likely set a multi-quarter peak in late-May 2018. Soybeans were the first to reverse down, in early-May, and have been projecting an overall decline into late-July 2018 since then. Corn & Wheat have now corroborated that after spiking to new highs in late-May – also reinforcing the bigger-picture outlook for 2019 – 2020. See Weekly Re-Lay & INSIIDE Track for additional analysis and/or trading strategies.

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

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