# 10 things you can expect in this grain market now

> AgMarket.Net's technical analyst says July corn has formed a double bottom near $3.09 and is trending slightly higher despite rising USDA carryout. July soybeans closed above resistance and may test the 100-day moving average if strength continues. The analyst expects bottoms to be building into the key yield-sensitive weeks.

- Date: 2020-06-12 · published 2020-06-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4928-10-things-you-can-expect-in-this-grain-market-now
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Technical support and possible bottoming in corn and soybeans could lift near-term prices if upside is confirmed. Weather in the coming weeks will decide whether the trend holds.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/10-things-you-can-expect-in-this-grain-market-now

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.