Alert: Grains Breaking Higher

What’s causing a rally in oats, corn, wheat, canola and soybeans right now? There have been strong price gains across the entire grain complex over the past few trading sessions.

Here’s a snapshot of old crop futures contracts breaking their long-term downtrend lines. Heavy chart resistance lines are indicated on continued follow-through buying. Can this rally hold? . . . Are there higher cash prices ahead? . . . Is there a risk of a selloff ahead?