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FxWirePro Call Review: U.S. agricultural devastation in mid-West supports outlook in Corn and Wheat

In the month of May, we forecasted that both corn and Wheat price are likely to move higher after their respective bounce back from 2018 and 2017 bottom on President Trump’s assured assistance to farmers to counter China’s economic attack on U.S. farmers in response to the escalating trade dispute between the world’s two biggest economies and biggest trading partners.

  • In Corn, with a put like that, we suggested based on our calculations that the price is likely to rise by another 11 percent and reach 425 cents per bushel from the then current price of 383 cents per bushel.
  • In Wheat, with a put like that, we suggested based on our calculations that the price is likely to rise by another 15 percent and reach 545 cents per bushel from the then current price of 466 cents per bushel.

As both targets got reached last week,

  • We have further forecasted based on calculations that the price of Corn is likely to rise by another 32 percent and reach our next forecasted target of 610 cents per bushel.
  • And, we forecasted the price on Wheat to rise another 15 percent and reach 610 cents per bushel.

The ongoing Agricultural devastation in the mid-West United States explained in greater detail at Zerohedge.com clearly support our bullish outlook in grains.

The Wheat is currently trading at 533 cents per Bushel and Corn at 444 cents per bushel.

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