Soybeans, Corn & Wheat Signaling Multi-Month Declines.

May 30, 2018 Eric S. Hadik

05/30/18 Weekly Re-Lay Alert:

“Soybeans, Corn & Wheat are showing signs of topping and reversing lower in line with multiple weekly cycles (and following Soybeans rebound to its weekly LHR). If an intermediate top is confirmed, it could drive prices lower – on balance – into mid-to-late-July.”

Grain markets have fulfilled late-2017 analysis for a 4 – 6 month advance to begin 2018 – leading into a multi-quarter peak in the middle half of 2018. Soybeans reversed their weekly trend down in May, projecting a 2 – 3 week bounce followed by a sharper decline into late-July 2018. Corn & Wheat have now corroborated that after spiking to new highs and then triggering new sell signals. This action corroborates the 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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