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Corn futures rallied above 490 after breaking out of an ascending triangle, and wheat completed an inverse head-and-shoulders bottom. Equity and gold charts were also highlighted alongside U.S. President Trump's inauguration remarks and SoftBank's announced AI investments in the U.S.
Technical breakouts in corn and wheat point to possible further upside, though the commentary is chart-driven rather than tied to new supply or demand changes.
cmegroup.comJan 27, 2025Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Corn breakout above 490 and wheat completing an inverse head-and-shoulders bottom on the same day point to technical buying and sentiment spillover from corn into wheat.
