Veteran grain futures traders argue that the months of July and August are the most important growing months for the majority of the U.S. corn (ZCZ25) and soybean (ZSX25) crops. This period is also important for U.S. wheat crops, as winter wheat (KEZ25) (ZWZ25) harvest has moved into full swing. To narrow down this timeframe further, the week immediately following the Fourth of July holiday tends to see existing price trends in the grain markets reversed or accelerated. And judging by price action in grain futures late last week, corn and soybean market bulls may be making a move.
