In this video, I share my thoughts on the current state of the corn, soybean, and wheat markets as of May 4th. Corn is facing bearish trends with a significant risk of retracing to $4.50, while soybeans are in a messy situation with no clear support. Wheat, however, shows some bullish signs after a recent rally. I emphasize the importance of monitoring planting progress and weather forecasts, as they will heavily influence market conditions. Please take note of these insights and consider how they might impact your strategies moving forward.
Market Thoughts 6.22.25
Soybeans hit a Sell Signal at highest prices in nine months this week before closing lower on Friday. Spring Wheat broke out to new highs