Corn futures (/ZC) are down with the bearish agricultural report that came out and a lot rain in the Midwest, explains Scott Bauer of Prosper Trading Academy. Soybeans (/ZS) are also down, and Scott feels has runs its course for the time being. Scott is looking for a pattern of consolidation on the corn futures chart. He doesn't think the inflationary run is over in these commodities, so he is looking to buy the dip.
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