The soybean bulls came out of the gate strong on Monday, with July futures (ZSN25) hitting a 10-week high. However, on Tuesday morning, soybeans had lost most of Monday’s gains. Corn continues to slump as July futures (ZCN25) on Tuesday dropped to the lowest level since last October. Winter wheat futures markets continue to get slammed as July SRW (ZWN25) and HRW (KEN25) futures both hit new contract lows on Tuesday too.
Let’s break down what’s going on in the grains and where prices may be headed in the coming weeks — including the potential for big upside price moves.
