USDA IN 2 DAYS
AUDIO COMMENTARY
Risks for this report
If you will have sellers remorse
Who should grab cheap floors
Corn right at residence (chart below)*
Makes sense to add protection if you have to move stuff EOY
Corn price action has been very similar to last year
Funds still short corn?
$11.55 target in beans (chart below)*
Not competitively priced in beans
Does China need our beans?
Not in a hurry to sell wheat
Report probably won’t be as bullish as we want
Listen to today’s audio below
Link to Lauren’s Charts & Strategies:
CORN & SOYBEAN CHART
Dec Corn 🌽
We are right up against some major resistance.
If we can break through, it should offer more upside.
As we’ve been talking about for months, this is a big level as it reclaims 50% of the Feb highs and was key support from spring. We’ve rejected this level now for 2 weeks.
We also have the 200-day MA sitting right here.
Breaking above would be a very positive sign.
Big spot.
March Corn 🌽
Also at very key resistance.
The 50% retracement up to the Feb highs.
Old key support.
The 200-day MA.
Break above and it should result in more upside.
Jan Beans 🌱
Next target is still $11.55
That gives back 61.8% of the contract highs.
(Scroll for another reason why $11.55 is the next target)
Daily Active Continuation Beans 🌱
This chart is a little different than the normal continuous chart I usually show.
This one has a gap at $11.55 when we rolled from July.
Another reason for that being the next target.
Past Sell or Protection Signals
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
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