Key Levels For a Bullish Reversal in Grain

Corn, soybeans, and wheat are currently on track to set up a bullish weekly reversal from the early-week washout. A weekly reversal to the upside is very significant in indicating that an early March low is raw value, with strength in the coming weeks in play. To achieve this weekly bullish reversal close, May corn must close above 469.4, May soybeans above 1025, and May Chicago wheat above 555.4.