@junkie requested an update on the grains (wheat, corn, & soybeans) so I figured I share it in a home page post for all to see (with an email notification).
No change on the longer-term outlook & technical posture of $WHEAT (wheat futures continuous contract, end-of-day chart) as it continues to offer an objective entry for both a swing trade, as well as a long-term trend trade here at the multi-decade primary uptrend line with the big positive divergences still intact. 25-year weekly chart below.
$WHEAT weekly June 25th
Zooming down to the 60-minute chart of WEAT (wheat ETN), WEAT offers an objective add-on, re-entry, or new long entry on this pullback to the R1 zone following the initial tag & reaction/reversal off T1.
WEAT 60m June 25th
SOYB (soybeans ETN) is coming up to the 21.50ish support while in an uptrend (higher highs & higher lows) since the December divergent low/bottom following another reaction off this 2nd hit of the T1 (first target/resistance) with a solid break above that level likely to spark the next leg up to my additional price targets. Daily chart below.
SOYB daily June 25th
CORN (corn ETN) is coming up on the 17.44ish support with nice positive divergences building on this reaction/pullback off the initial tag of T1 earlier this year. Based on the current posture of the momentum indicators, any marginal new low soon would simply extend the big divergences that were in place at the late 2024 low. Daily chart below.
CORN daily June 25th