TRUMP WANTS LOWER BEEF & CHINA DEAL
AUDIO COMMENTARY
Trump wants to lower beef prices
Why not have puts at all-time highs?
Don’t be completely exposed in cattle
Trump says China tariffs won’t last
Trump will meet with China
Corn needs above $4.23 (chart below)*
Wheat possibly turning around (chart below)*
I still think wheat is a steal down here
Gap lower and limit down in cattle
Sounds like won’t have Nov USDA report
What happens if we don’t have an idea of where yield is at until January?
Demand feels really strong
Options cheap for protection or re-owning
If you have corn on DP
Being careful with certain elevator tools
If you’re upset with locked in basis
If a buyer is trying to get you on a basis contract
Have a plan for basis contracts
Cattle, corn, & wheat charts below*
Listen to today’s audio below
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CHARTS
Dec Corn 🌽
Still not out of the woods just yet.
We have not closed above the 61.8% retracement of this sell off yet, rejecting there back to back days now.
If we close above, most of the time it would suggest we are headed higher.
Big spot to break above.
Nov Feeder 🐮
We hit that target zone.
We now have a gap from today’s gap lower.
A standard correction would take us to that blue box. 50-61.8% of the recent rally.
The 50-day MA and wedge resistance (now possible support) also sit right in that box as well.
We don’t have to go that low, but that will be a point of interest if we get there.
Dec Live 🐮
Tapped the golden fib yesterday.
Unlike feeder, we filled that gap. So we do not have one.
Point of interest is the blue box.
It is the golden zone, the 50-day and previous point of break out (trendline) also sit right there.
Dec Wheat 🌾
Wheat looks pretty good here.
On the verge of a potential breakout, but no confirmation yet. Fingers crossed.
If we break out, I think we have at least roughly 40 cents higher.
Past Sell or Protection Signals
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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