USDA OUTLOOK MATTER?
AUDIO COMMENTARY
Cattle been consolidating
Downside protection in old crop corn
Corn chart not screaming higher
If you have to move corn before spring
Corn options are so cheap it makes no sense to not have some downside protection if you have to move your corn soon
Old crop is different than new crop
1.3 billion bu less corn production?
Can you shut demand off?
Did USDA numbers matter today?
We continue to like the soybean spread as a way to re-own vs calls or futures
Global weather stories & dry US
Technical story changing in wheat
Funds short lot of wheat and taking out resistance
Those that cannot store wheat or need cash
Wheat at target zone & several month highs
Sell on the way up not the way down
Corn & wheat charts below audio*
Listen to todays audio below
Want to talk? (605)250-3863
CHARTS
May KC Wheat 🌾
We perfectly hit the first target.
50% of the June highs.
This same level is our support from last May.
We could of course keep going, but this is one of those spots where it simply makes sense for some to take some chips off the table as it could be an area of resistance following a nice rally.
March Corn 🌽
I’m going to be honest this chart does not look too hot.
We rejected right at that prior support.
We have a bear flag breakdown.
We also have somewhat of a head and shoulders pattern.
Both are viewed as bearish patterns, so that is adding some caution here.
I’d like to see us bounce right now or it looks like this could continue to trickle lower.
July Corn 🌽
March corn looks a lot more bearish.
July also has a potential bear flag we haven’t quite broken through.
Regardless it’s a possible bearish pattern, so that is why we are cautious here.
We also have the MACD indicator close to flipping bearish.
The last few times it flipped it did result in some further downside.
The “implied” move for the bear flag is around $4.15. It’s also the golden fib extension.
I am not calling for $4.15 and we do not have to go that low. But that is your downside risk and reason for protection.
Past Sell or Protection Signals
Feb 19th: 🌾
KC wheat sell signal & hedge alert.
Feb 6th: 🌽 🌱
Corn & soybean sell signal & hedge alert.
Feb 4th: 🌱
Soybean sell signal & hedge alert.
Dec 11th: 🐮
Cattle sell signal & hedge alert.
Dec 5th: 🐮
Cattle sell signal & hedge alert.
Nov 17th: 🌱
Soybean sell signal & hedge alert.
Nov 13th: 🌽 🌱
Managing risk in corn & beans ahead of USDA report.
Oct 28th: 🌽
Corn sell signal & hedge alert.
Oct 27th: 🌱
Soybean sell signal & hedge alert.
Oct 13th: 🐮
Cattle sell signal & hedge alert.
Aug 22nd: 🌱
Soybean sell signal & hedge alert.
July 31st: 🐮
Cattle sell signal & hedge alert.
July 10th: 🐮
Cattle sell signal & hedge alert.
CLICK HERE TO VIEW
June 5th: 🐮
Cattle sell signal & hedge alert.
June 2nd: 🌾
MPLS wheat sell signal.
April 10th: 🌽
Old crop corn sell signal.
March 19th: 🐮
Cattle hedge & sell signal.
Feb 18th: 🌽 🌾
Old crop KC wheat & old crop corn signal.
Jan 23rd: 🌽 🌱
Corn & beans old crop sell signal.
CLICK HERE TO VIEW
Jan 15th: 🌽 🌱
Corn & beans hedge alert/sell signal.
Jan 2nd: 🐮
Cattle hedge alert at new all-time highs & target.
Dec 11th: 🌽
Corn sell signal at $4.51 200-day MA
CLICK HERE TO VIEW
Oct 2nd: 🌾
Wheat sell signal at $6.12 target
Sep 30th: 🌽
Corn protection signal at $4.23-26
Sep 27th: 🌱
Soybean sell & protection signal at $10.65
Sep 13th: 🌾
Wheat sell signal at $5.98
May 22nd: 🌾
Wheat sell signal when wheat traded +$7.00
Want to Talk?
Our phones are open 24/7 for you guys if you ever need anything or want to discuss your operation.
Hedge Account
Interested in a hedge account? Use the link below to set up an account or shoot Jeremey a call at (605)295-3100.