The grain markets have signalled an end to the bull trend that lasted throughout the month of December. The collapse in equty markets today appears to have been the cause. If prices confirm by moving lower during the next trading session (this evening or tomorrow), then a complete liquidation of grain futures is warranted.
Note: Grain prices moved lower across the board during evening trading, confirming the sell signal. The grain bull is dead!
Note: Grain prices moved lower across the board during evening trading, confirming the sell signal. The grain bull is dead!