s-c-w appear to have put in a "temporary" resistance area overnight (yet bean oil, o, and rice surged).
I am looking for a retracement, probably significant, to try the long side.
MetMike is QUIET
NG and BOIL have renewed upside since early this morning.
VERY interesting markets!
I have first resistance for Dec corn at 4.70 High so far 4.6125
China bought some yesterday.
Soybeans pushing against the psychological $12.00 mark
Boil ,I have a sloping down trend line currently at 28.88 and sloping about .19/day resistance. support at Friday's low at 25.60
Previous thread here:
Grains/USDA report 6-30-26
Started by metmike - June 30, 2026, 3:39 p.m.
Get all the comprehensive weather here:
https://www.marketforum.com/forum/topic/83844/
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More info in a short while. This just looks like a pause after we dialed in, almost the entire new pattern change in 1 day. This happens alot. Markets don't go up X/day in price in weather markets. They go up in huge XX surges in 1 day, when everybody sees the same thing at the same time and all want to buy(sell) on the same day......then have pauses, corrections or smaller increases(decreases) of X on all the other days.