This agricultural trade is bottoming with more upside likely ahead, according to the charts

Agricultural commodities like corn, soybeans, and wheat have seen intermediate-term momentum improve to suggest their counter-trend rallies have room for more upside over the next several weeks. A broader commodity bull cycle in place is carrying over to former laggards like natural gas and the agricultural commodities. When agricultural commodities are performing well, stocks with exposure to them tend to garner interest.

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