Todays May corn chart, corn prices were very gradually and consistently working higher in a 2 step forward 1 step backward kind of trade through most of the Fall and Winter.

But the war in Ukraine has caused prices to explode to the upside with May corn futures gaining about a $1.25 in just a little over a weeks’ time.

When the market was in a consistent gradual uptrend, minor rallies resulted in minor corrections.

 As we move forward, explosions to the upside can cause collapses to the downside and create extremely volatile trade. That what we expect in the weeks and possibly next 3-4 months to come.