Update: Wheat - July 2016

 This is a quick update on the wheat post we published a couple of days ago. With updated data for cash wheat, this post shows how some PTVs completed on the early July 2016 bottom.

Wheat - July 2016

 Just as with soybeans and corn, Gann's 84yrs cycle is due to turn during 2016 for the wheat market. This cycle is expected as a cycle bottom. In the case of wheat, the turning of this cycle may come a bit earlier than in other markets.

 This post discusses two cycles impacting prices for late June - early July 2016 in the wheat market as well as some PTV[1] analyses.

Soybeans - July 2016

 We don't have any short-term or middle-term cycles projected for the month of July. However a couple of major cycles with wide windows of tolerance fall during this month, namely Gann's 84yrs cycle and 30yrs cycle.

 According to our initial roadmap for the year 2016, we were expecting a top in the month of June, from which prices would decline into, probably, August.

 A large harmonic of Gann's 30yrs cycle may turn either on July or August. A secondary top on July is not something we completely rule out, as this is a seasonal high prices month. But we would like to see instead a major bottom on August from which prices would continue on their way up.