Soybeans/Corn/Wheat Congesting; April/May ’23 Cycle in Focus.
09-30-22 – “Soybeans, Corn & Wheat are mixed (remaining in congestion) with Soybeans confirming a top as Corn & Wheat remain in the upper percentiles of their 1 – 2 month trading ranges. In the case of Soybeans, the weekly trend (down) and wave structure (corrective wave after 5-wave advance) argue for another decline that would likely take them down to test [reserved for subscribers].
Wheat has made it up to its initial intermediate target (~950.0/WZ) and would need to close above that to project any further upside…
Corn remains positive and has now rallied for ~2 years from its latest ~4-Year Cycle low (mid-2020). If it is going to set a subsequent (higher) low in mid-’24 – the next phase of a ~4-year high (‘04) – high (‘08) – high (‘12) – low (‘16) – low (‘20) – (low; 2Q/3Q ‘24) Cycle Progression – it could eventually extend its advance into 2Q ‘23 before peaking. The next 6 – 12 month peak appears most likely in April/May ‘23.”
Wheat peaked in perfect sync with cycles in early-March ’22 as Corn & Soybeans extended their rallies into May ’22. That was forecast to spur a sharp sell-off into July ’22, which was fulfilled and timed what will likely be 6 – 12 month (or longer) lows in those grains. That will likely spur a new impulse wave, taking Soybeans & Corn to new highs leading into 2023.
~11-Year, ~40-Year & ~80-Year Cycles collide in 2022 (including a 40-Year Cycle of Drought & 80-Year Cycle of Agriculture) and pinpoint what could/should be a seismic shift in natural (climate, precipitation, etc.), geopolitical and market cycles at the same time food/commodity inflation cycles & Food Crisis Cycles culminate.
2022/2023 is expected to produce major disruptions including climate shifts (Drought/Deluge Cycles) and solar storms.
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.