GRAINS SMACKED. HOLIDAY TRADE CONTINUES
AUDIO COMMENTARY
Outside markets getting smacked
Trump says close to Ukraine deal
Holiday trade
Nothing changed fundamentally
Corn failing $4.50 resistance (chart below)*
Rumor China releasing large amount of wheat from reserves
Rather own wheat than sell here
Corn still looks like it’ll follow last year
Corn needs a friendly USDA in Jan
Thin markets can take out stops
Jan report will set the stage for a few months
Tight report in Jan makes US weather that more important
Listen to today’s audio below
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WEEKLY CORN CHART
March Corn 🌽
I’ll be going over all the charts tomorrow. But specifically wanted to go over this resistance in corn.
This is the weekly chart.
$4.50 is the clear level this market needs to break above to spark some upside.
We’ve tested that level 7 of the last 10 weeks. Failing each time.
It was old key support for months back in spring.
It claws back 50% of the Feb highs.
It’s a big hurdle to clear. But if we do.. it should spark upside.
Past Sell or Protection Signals
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
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