Tech Guy Follow Up Corn Chart: 6/5/26

The most common length of reversal in the markets is between 50% and 62 %, yet the continuation corn chart has thus far retraced about 75% of the entire rally. 78% is close to the largest Fibonacci pullback level in the grain markets, historically, unless corn is trading down to test the low of this leg at around 392.0 lows.

Wheat History:

At 770 million tons, wheat is the world’s fifth largest agricultural product. Wheat is a foundational crop in human history, dating back to the first agricultural operations in Mesopotamia. Today, wheat is grown on every continent except Antarctica, with Russia, China, and India as leading producers. Wheat fields, characterized by golden stalks swaying in the wind, symbolize abundance and sustenance.

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