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Barchart
Barchart
Andrew Hecht

Where are Grain Prices Heading in Q2?

CBOT Oil KCBT MGE

In a mid-January 2024 Barchart article on grains, I wrote:

After falling from the 2022 highs, grain prices could rally over the coming months as uncertainty over the 2024 crop year’s output peaks in spring. Now could be the perfect time to begin building long positions. However, the trend is always your best friend in any market, and it remains bearish for most agricultural commodities. Therefore, leave plenty of room to add on further declines as prices tend to fall to levels that defy rational, logical, and reasonable levels during bearish trends. 

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