Wheat futures

In this quick video, Eugene Graner review the dynamics of the grain marketplace via weather charts and observations of the measured move theories used at Heartland Investor Services.
2021 could see a commodity bull market return— soybeans would be a commodity to watch. There are plenty of fundamental stories to keep the trade interesting, as well as solid technicals to guide investors as prices continue to climb.
Soybeans futures closed at the highs of the week, unlike corn and wheat, as it’s certainly pricing in a much smaller 2020 crop size than what was being advertised weeks ago. However, crop condition ratings remain well above both last year and the long-term average.
Genetically engineered Corn and Soybeans both saw their ratings drop in Monday's grain report sending prices higher so far this week.
Strong demand talks from China for soybeans and concerns over crop damage have been the main stories.
The storm that went through most of Iowa, Illinois, Michigan, and northern Indiana, won't have as much of an effect on soybeans as corn.
Corn futures has posted lower highs and lower lows every day this week. Soybean futures have been mainly trading the charts
Both corn and soybeans had 72% G/E ratings than were higher than anticipated.
Corn futures caught a bid in the back half of last week’s trade but remain mostly range-bound while Soybean futures had their highest close since late March.
The USDA’s WASDE report comes out today.