Soybeans, Corn & Wheat Negative into Mid/Late-July.

June 13, 2018 Eric S. Hadik

06/13/18 Weekly Re-Lay Alert:

“Soybeans, Corn & Wheat have dropped sharply after reversing lower in line with multiple weekly cycles (and the weekly LHR indicator in Soybeans) that projected final rallies into late-May/early-June.

All three 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 – when larger-degree weekly cycles project a bottom.

From a longer-term perspective, these grains fulfilled projections for substantial advances in the first half of 2018 – the latest phase of what is expected to be an overall, multi-year advance into late-2019.”

Grain markets fulfilled late-2017 analysis for a multi-quarter peak to take hold in the middle third of 2018 – confirming 1 – 2 year cycle highs as they peaked in late-May 2018. Since late-May, they have been projecting an overall decline into late-July 2018. This developing peak provides powerful corroboration to what has been forecast 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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