Tech Guy Corn & Soybean Follow Up Charts 7/7/26

Both Corn and beans gapped higher on the open yesterday, then finished on the highs after substantial gains. Swing traders usually look at days like this to be potential short term sell opportunities, depending on how tonight and tomorrow morning trade. These gaps should both be tested or filled shortly (exactly when ??) , then both grains should paint another leg higher. Therefore, these gaps are good buying opportunities.

Here is the 1 hour chart of both grains, respectively, so you can clearly see these important areas.

World Vegetable Oil Markets:

There are nine major vegetable oils in the world marketplace. Palm oil is the most widely traded vegetable oil, followed by soybean, canola (aka rapeseed), sunflower, palm kernel, peanut, cotton, coconut, and olive. Palm oil is considered the least healthy, canola the most healthy, but olive is the most tasty.

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