04/30/26 Grains Flash Short-Term Topping Signals

04/30/2026 Grains Flash Short-Term Topping Signals Reco Day 2: We want to continue to reward the wheat rally. Set price target for new crop wheat of $7, advancing sales an additional 20% using Chicago wheat as a reference. Filled on April 29. *** Futures trading involves risk. The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance is not indicative of future results. Morning Market Talk There will not be a Morning Market Talk this morning; Eric will return tomorrow. On the Grains Wheat markets traded lower overnight after finishing well off their session highs on Wednesday. U.S. and global crop concerns remain, but price action late yesterday and overnight signals a short-term top. The market had gotten too frothy with speculative buying. Corn and soybeans also pulled back overnight. Of note: July soybeans are showing another potential failed upside breakout from the sideways range since mid-March. Spikes of $12 in July soybeans have stalled buying. June WTI crude oil futures marked a contract high overnight before pulling back. The war-time high for WTI came on March 9 at $119.48 on the continuation chart, before June was…