EFFECTS OF DEMAND & BEANS AT CRUCIAL SPOT
AUDIO COMMENTARY
Very crucial spot in soybeans (chart below)*
Soybeans have major upside potential and downside risk
There is a lot riding on South America weather soon
The effects of the Argy tax cuts
Long term demand picture
Crops are definitely smaller
How high we go depends on demand
2011 comparisons floating around
Still close to corn signal (chart below)*
Still believe wheat has upside (chart below)*
Do funds want to jump behind China story or lack of supply story in soybeans?
Have a game plan for basis contracts
Seasonals say soybeans go lower short term
Be proactive if you’re in a corner
Listen to today’s audio below
Want to talk? (605)295-3100
GRAIN CHARTS
Dec Corn 🌽
Bouncing at some support here in this blue box. Getting a re-test after the bullish pennant breakout. Would like to see us hold the blue box.
Target is still $4.35 as has been for weeks now.
Nov Beans 🌱
Soybeans fighting for their life. Trying to hang on to this must hold spot.
$10.12 gives back 61.8% of the rally off $9.80
Today we bounced +7 cents off the the lows and closed right at that 61.8% level.
Either we bounce right now, or if we close back below $10.12 we have a gap of air to the downside towards the $9.90 range.
Very very important spot here.
Dec Wheat 🌾
Bouncing right at the bottom of this channel once again.
We are still showing some very clear massive bullish divergence.
The level to watch is still $5.35.
If we clear that level we can be confident we are ready to turn higher.
Past Sell or Protection Signals
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.