Finally the grains have broken out of their flatline status and have broken out higher. After forming such a firm bottom, I would have been surprised if prices had broken lower. This may well be the early stages of a new bull trend for grains. Grain prices have closed above the Exponential Moving Average five of the last six days. For wheat, it was nine of the past ten days! Sounds like an uptrend to me!When prices are flat, that is no time to take one's eye off the ball. The longer prices remain flat, the more powerful the move will be when the breakout occurs. When the market is quiet is the most important time to stay focused and wait like a patient panther to pounce.
