Markets showed good life today; as most grains managed to close 30-40 cents off fo the lows. We opened the doors to the question what recent move was a correction and where is the trend going from here. Did the grains manage to bounce in a corrective nature or has the pressure seen recently (up until today's bounce) the correction before moving higher????
Below are a couple corn charts as well as a wheat strategy that as a producer could
act as a re-own-re-offer type of trade.