From the Desk of Ian Culley @IanCulley
The increased selling pressure across grain markets might not be on your radar.
But pay close attention: The soybean complex, corn, and wheat are edging toward their respective year-to-date lows as demand wanes.
Even if you don’t trade these ag contracts, fresh multi-month lows – especially in wheat – carry broad implications for equities and cyclical assets. (Hint: It has to do with crude oil.)
That’s why I’m on high alert for a potential breakdown in Chicago wheat…