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| The rally continues.. as corn, beans, and wheat are all now above the 100-day moving average.
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Highest corn in 4 months
+46 cents off the Feb lows
The charts look like an upside break out
We took out that key resistance of $4.60
Above the 100-day MA for first time since July 27th, 2023
That is 284 days..
Our next resistance is the 200-day MA around the $4.90 area
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Highest soybeans since January 25th..
Up +90 cents to start the month of May
Took out those March highs and key resistance at $12.40
Above the 100-day MA for the first time since December 12th
Next stop might be $12.90 where the 200-day MA sits
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New 2024 highs in wheat
How high can wheat go?
Up +$1.00 in just 2 weeks
Above the 200-day MA for first time since last July
One would think this would force the funds hands into buying more
 (Screen Shot 2024-05-06 at 2.21.50 PM (full).jpg)
 (Screen Shot 2024-05-06 at 2.23.56 PM (full).jpg)
 (Screen Shot 2024-05-06 at 2.27.19 PM (full).jpg)
Attachments
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 Screen Shot 2024-05-06 at 2.21.50 PM (full).jpg (76KB - 28 downloads)
Screen Shot 2024-05-06 at 2.23.56 PM (full).jpg (76KB - 28 downloads)
Screen Shot 2024-05-06 at 2.27.19 PM (full).jpg (67KB - 22 downloads)
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All 3 grains above 100-day moving average
