Are long-term frustrations in the Grain (Corn, Wheat and Soybeans) markets about to end? In my humble opinion, what happens with each one will go a long way to answering this question.
Long-term trends for grains remain lower for more than 5-years. Over the past couple of years, they’ve done nothing more than trade sideways.
The very short-term rally of late in the grain complex has Corn, Wheat, Soybeans and Ag ETF DBA each testing important breakout levels at each (1).
With the long-term trends being down, each is currently facing critical resistance breakout tests.