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| Bull flag breakout in wheat
Has an implied move of +66 cents from Friday’s lows
Which would put us right around $7.15
Already captured +36 cents today. Should see at least another +30 cents
But of course weather and war headlines are going to be a crucial factor
(Chart below)
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Soybeans chart starting to turn around
Also a bull flag breakout. Just a few cents from a new high close
Implied upside move is pretty large +95 cents from from Wed. lows
Would bring us just under $13.00 to $12.99..
(Chart below)
We talked a little about these potential bull flag breakouts in Fridays audio update. Check it out in case you missed it. We went over why we think there is a good chance we see higher prices and how to manage your risk here.
Listen Here: https://txt.so/VWLLA1
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Bull flag break outs in wheat & beans
