The Soybeans have now had two closes above the 970.00 major Gann square. This is now our swing point. As long as they remain above it, look for 1020.00, this is 23.6% back to the all-time high and then 1045.00, this is 61.8% back to the 2016 high. We still believe this should be a long term move higher and once they can clear 1045.00 the target will be 38.2% back to the all-time high, this is 1165.00. With a couple close's back below the 970.00 major Gann square, look for 38.2% of the move up at 905.00.
The Corn has now had two closes above the 200 day average at 348.00, this is now the swing point, but they still need to get a couple closes above the 360.00 major Gann square and 38.2% back to the 2019 high at 365.00 to breakout. Provided they can do this the next target is 61.8% of the same move up at 405.00, this is also a major Gann square. With a couple close's back below the 200 day look for the major Gann square at 320.00.
The Wheat remains the same, the swing point is the 530.00 major Gann square. Above it, look for the 585.00 major Gann square and below it they go for the 480.00 major Gann square. It will still take a couple close's above 590.00 to breakout of the long term trading range.