There is near devastation in the corn, wheat, and soybean fields due to drought yet prices continue to plummet. The December Corn contract made a new contract low today and September Corn touched $2.00 briefly. December Wheat hit its lowest level since May. Are the markets near a bottom or will the downtrend continue? That’s an excellent question! I don’t have a crystal ball but my experience tells me these markets are ready to turn. So, if you’re interested in the grains, stay tuned. I’ll be watching the markets closely and I’ll let you know when I’m ready to buy.
Dale F. Doelling
Chief Market Technician
Trends In Commodities
www.trendsincommodities.com
