Soybeans Lag Wheat as Technical Rally Fails

Grain Report Chart of the Day

Soybeans
 

Weekly Nearby 

Soybeans are not getting the love that Wheat is.
 

Neither is Corn.

Why is that?
 

Beans are back below the declining purple 200-week moving average.
 

Support the adage or axiom (you pick) that you shouldn't trust rallies above declining moving averages.

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Trent Klarenbach, BSA AgEc, PAg, publishes the Klarenbach Grain Report,  Klarenbach Special Crops Report, The Daily Board and The Daily Kernel newsletters.                                                                                                                                                                                                                                                                                                                                                                                                   

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