CORN, WHEAT, SOYBEANS and OATS
Agricultural commodities are testing their decade-long trend line supports and are likely to rebound in the coming months. Prices are expected to rebound from such strong trend supports and in most cases put in a medium/long-term bottom. Especially when more than one trend line overlaps around the same area, it increases the significance of that support.
Higher prices in agricultural commodities could bring back the memories of 2007 where food inflation and shortages were the main concerns of the public. Most of the agricultural commodities are back to 2006 levels. Given the significance of the long-term supports, agricultural commodities could see an increase in demand in the second half of the year.
You can find more information on these agricultural commodities by clicking the links here (CORN, WHEAT, OATS, SOYBEANS, SOYBEAN OIL).
1st month continuation CORN futures contract – WEEKLY SCALE
1st month continuation WHEAT futures contract – WEEKLY SCALE
1st month continuation OATS futures contract – WEEKLY SCALE
1st month continuation SOYBEANS futures contract – WEEKLY SCALE
1st month continuation SOYBEAN OIL futures contract – MONTHLY SCALE
