The bull spreads in corn are nearing the recent highs. New highs on the spreads tells us the corn market may be ready for another run higher. Wheat prices need to break out above the recent range in order for corn to really ramp higher.
Would you like to talk to a Kluis Commodity Advisors broker? Request a Free Broker Consultation by clicking here.
Get our daily in-depth analysis delivered directly to your inbox or on our app by 5:30 AM CST each morning, along with other services created specifically for farmers, when you become a Kluis Commodity Advisors client. Try our Kluis Commodity Advisors 30-day free trial to test it out.