Grains Bottoming Today

I have tried to prepare you that a bottom in grains was eminent, and I think we have reached that point today.  I have already written about how I would play this bottom.  Hopefully you have made a decision of what you are going to do and you will get it done.

​Corn has all the classic signs of a major low.

Wheat has all the markings of a bottom as well.

Let me summarize why the good money is betting on the long side now:
​1.  Dollar is failing and dropping into a 3 year cycle low
2.  Sentiment levels on corn are excessively pessimistic
​3.  Corn and wheat both showing hanging man doji's
​4.  Corn at the161.8% Fibonacci extension level
​5.  Weekly wheat and corn oscillators beginning to turn up