WILL NEXT WEEKS USDA EXPLAIN POOR CORN PRICES?
AUDIO COMMENTARY
Quarterly stocks report on Tuesday
Wheat production on Tuesday
Some years this report is a yawn, sometimes it brings big surprises
Could this USDA report explain the poor prices we saw this year?
Report could tell us if last years crop was bigger
I don’t think it’s realistic that they put the crop smaller, because basis and everything does not indicate that
This report offers more downside risk than upside
We had a 1.3 carryout, no invert, and no basis firm. This market did not trade like a 1.3 billion bu carryout
Some should be buying puts that cover you the next month
How to establish a “free” floor with calls & puts
Longer term I see upside, but short term why do we have to go higher heading into harvest?
Soybeans don’t tend to move as much as corn does on this report
Whenever we get something done with China, we will have a friendly soybean situation
What happens if there is a hiccup in SA’s crop?
Wheat higher from today 15 years in a row
If buyers realize you don’t have a plan, they can use that to their advantage
Listen to today’s audio below
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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.
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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.
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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
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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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