Corn and Wheat

Here’s a quick acknowledgment that corn plummeted this morning into my wave (4) expectation that hammered right into the 38% retracement of 514 before violently turning higher. The December Chicago wheat trade followed suit and went to substantial resistance at trendline and my updated blue line which reflects important set prior lows.

I wouldn’t be surprised if a fact sheet is released after the markets close, similar to what we saw when Trump and Xi met in May.