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Wyckoff's Weekly Grain Forecast: Corn May Have Hit Bottom

Wyckoff's Weekly Grain Forecast: Corn May Have Hit Bottom

13 August 2013

ANALYSIS - Jim Wyckoff, grain analyst for TheCropSite, said that given Monday's bullish USDA supply and demand report, the corn market may have seen its low.

The USDA reports were also bullish for soybeans. Forecasts for warm, dry weather through August added support to the soybean market.

Markets also got a bullish boost from a large soybean shipment to China as well as a hefty corn sale to Mexico.

TheCropSite News Desk



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