Has the big rally in corn and soybeans come to an end?
Market analyst Darin Newsom doesn’t think so.
“Technically, we saw some short-term bearish patterns established Monday—the beginning of the week, the beginning of the month,” Newsom says. “Does this really mean it’s all over. No.”
Newsom says, technically, he is more concerned about soybeans than he is corn.
“Because we did have an inverted forward curve on that, and those tend to collapse.