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Over the past 30 days, the Rogers Commodity ETN (RJA) has been white hot, gaining almost 15%. The impact of the summers heat, has pushed up many commodities, especially the grain complex.
Could Commodities have another month like the last one?
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Bullish sentiment in the grain complex is very high right now (Wheat the highest at 78% bulls), due to the very sharp rallies of late and highly discussed hot weather in the mid-west.
If traders can get together and break these key resistance levels in the 4-pack above, you can bet higher grain prices are in store, at your local stores!
