Soybeans, Corn & Wheat Projecting Declines Into July.

June 2, 2018 Eric S. Hadik

06/02/18 Weekly Re-Lay:

“Soybeans, Corn & Wheat are reversing lower in line with multiple weekly cycles (and following Soybeans rebound to their weekly LHR) that projected final rallies into late-May/early-June. It would take daily closes below 1013.5/SN, 390.75/CN & 515.25/WN to reverse the daily trends down… projecting an overall decline into mid-to-late-July.”

Grain markets fulfilled late-2017 analysis for a 4 – 6 month advance to begin 2018 – leading into what is likely to be a multi-quarter peak in late-May 2018. Soybeans reversed their weekly trend down in May, projecting a 2 – 3 week bounce to a lower high in late-May. That was/is to be followed by a sharper decline into late-July 2018. Corn & Wheat have now corroborated that after spiking to new highs and signaling a top. This action corroborates the outlook for 2019 – 2020, when far more dramatic price action is likely. 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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