Daily US grain report: future prices power ahead amid full-blown weather market

US grain futures prices were solidly higher in overnight trading Tuesday (28 May), with corn hitting a nearly 12-month high and wheat at a three-month high.
calendar icon 28 May 2019
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July corn
July corn

Bulls in firm control. Pause just recently is not bearish. More upside likely, but accompanied by very high volatility. It could be the market tops out this week, at least for the near term. © Jim Wyckoff

July soybeans
July soybeans

Bean bulls gain some momentum, but mostly because of strong rallies in corn and wheat. Prices need to push above resistance line to suggest more gains likely in near term.

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