About this chart: This is the monthly CBOT Corn continuation chart. You can see the major highs and double top in corn prices at $4.38 in July and June of 2015 and 2016. From that latest high, prices plunged to the late-August low at $3.01. The chart action this month shows a massive key reversal higher in the month of May.
What this means for you: The monthly chart shows resistance at the earlier high at $3.86 and then at the $4.00 benchmark. The last few years, we have had rallies that lasted only two to three weeks. When it was over, it was over. Keep your emotions in check and be prepared to act promptly when we send an Action Alert. Stay with a disciplined scale-up plan.