THIN HOLIDAY TRADE. COULD CHINA BUY CORN?

AUDIO COMMENTARY

  • Low volume holiday trade

  • Corn right golden zone (chart below)*

  • Corn exports continue to be amazing

  • Delayed exports strong for corn

  • A lot of questions asking if China comes into the corn market

  • Could China buy corn?

  • Do things you can control

  • Soybeans have the most upside potential, but also have the most downside risk

  • If you know you will have to price stuff, know you have downside risk

  • Is the juice worth the squeeze to you?

  • Still remaining patient in wheat mostly

  • Wheat is too cheap longer term

  • Don’t like taking wheat to the elevator unless we are doing something with the futures

  • MPLS starting to invert. Keep basis contracst on your radar here

  • Cattle is a falling knife. Reward bounces

  • Wheat & corn charts below audio*

Listen to today’s audio below

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CHARTS

March Corn 🌽

We held the golden zone today.

This is a pretty important spot we need to hold.

It gives back 61.8% of the rally from Oct.

The most common spot for a standard correction to end. So finding a bottom here would make sense.

If we break below, it could be a sign this is more than just a simple correction before heading higher.

Basically, it’s decision time.

We bounced in the golden zone on the Sep sell off.

March Chicago Wheat 🌾

Finding some life right in the golden zone.

Similar story to corn right now.

We need to hold this box.

It gives back 61.8% of the entire rally off contract lows.

A bounce or failure here will tell us if this is just a simple correction or something bigger.


Past Sell or Protection Signals


Nov 17th: 🌱

Soybean sell signal & hedge alert.

CLICK HERE TO VIEW
 

Nov 13th: 🌽  🌱

Managing risk in corn & beans ahead of USDA report.

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Oct 28th: 🌽 

Corn sell signal & hedge alert.

CLICK HERE TO VIEW


Oct 27th: 🌱

Soybean sell signal & hedge alert.

CLICK HERE TO VIEW


Oct 13th: 🐮 

Cattle sell signal & hedge alert.

CLICK HERE TO VIEW


Aug 22nd: 🌱

Soybean sell signal & hedge alert.

CLICK HERE TO VIEW


July 31st: 🐮 

Cattle sell signal & hedge alert.

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July 10th: 🐮 

Cattle sell signal & hedge alert.

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June 5th: 🐮 

Cattle sell signal & hedge alert.

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June 2nd: 🌾

MPLS wheat sell signal.

CLICK HERE TO VIEW


April 10th: 🌽 

Old crop corn sell signal.

CLICK HERE TO VIEW


March 19th: 🐮 

Cattle hedge & sell signal.

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Feb 18th: 🌽 🌾 

Old crop KC wheat & old crop corn signal.

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Jan 23rd: 🌽 🌱 

Corn & beans old crop sell signal.

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Jan 15th: 🌽 🌱 

Corn & beans hedge alert/sell signal.

CLICK HERE TO VIEW


Jan 2nd: 🐮 

Cattle hedge alert at new all-time highs & target.

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Dec 11th: 🌽

Corn sell signal at $4.51 200-day MA

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Oct 2nd: 🌾 

Wheat sell signal at $6.12 target

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Sep 30th: 🌽 

Corn protection signal at $4.23-26

CLICK HERE TO VIEW
 

Sep 27th: 🌱 

Soybean sell & protection signal at $10.65

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Sep 13th: 🌾 

Wheat sell signal at $5.98

CLICK HERE TO VIEW
 

May 22nd: 🌾 

Wheat sell signal when wheat traded +$7.00

CLICK HERE TO VIEW


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GRAINS BOUNCING AT KEY SPOTS

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BIG SPOT FOR CORN. WHERE IS CATTLE FLOOR?