WEAT - A Binary Event Is Shaping Up In The Grains Complex
Summary
Good news has been hard to come by for the entire grains complex over the last year. Between trade wars, oversupplied markets, and ideal weather conditions, corn and soybean prices have hovered at decade lows. However, uncontrollable weather conditions appear to be setting the stage a potential vertical move in the grains complex, particularly corn. With unrelenting rains throughout the Midwest in April and May, corn and soybean planting progress is happening at its slowest pace in over 40 years!
Source: Lakefront Futures
Binary moves in certain commodities often catch many totally unprepared following