WHAT’S HAPPENING IN GRAINS
AUDIO COMMENTARY
Cattle still at our targets (charts below)*
Area we could easily fail in cattle. Gap doesn’t have to be filled in cattle
Still feel there is risk in cattle
Beans approaching golden zone (chart below)*
Argy cut taxes yet beans strong today
Buying back sold calls for pennies on the dollar
Bear trap in wheat? (chart below)*
Report wasn’t friendly for wheat
Putting wheat on the market when the market wants it
Could corn exports increase more?
World corn tightest in over a decade
World story amplifies weather scares
Corn needs to clear $4.50 (chart below)*
What if feed demand comes down?
Interest rates dropped again. Will this help push the funds to get long?
Bridge payments
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CHARTS
Jan Feeder 🐮
Still battling this first point of interest.
50% of the sell off.
The 50-day MA which used to be big support (now resistance).
This is a big spot that we could easily fail at, hence the sell signal.
If the rally continues, the next target is the 61.8% level and the gap fill
Feb Live 🐮
We are right at that 50-day MA that used to be a a critical support.
We’ve reclaimed 50% of the sell off.
Big point of interest here.
If we go higher, next target is 61.8% level.
Jan Beans 🌱
This green box has been my downside target since those highs.
The golden zone.
The most common spot for a correction to end.
Finding a bottom in here makes sense.
We “could” fill the gap. But we do not “have” to.
This was a breakaway gap. The gap did not fill within the first few days. Breakaway gaps only fill 35% of the time.
March Corn 🌽
Really need to clear $4.50 for more upside.
To the downside, need to hold red box.
March Wheat 🌾
Not the best look here.
Broke below the golden fib. 61.8% of the entire rally.
Rule of thumb is that if you close below this level 2 days in a row, the odds favor us heading lower.
So we need to close above tomorrow or we could be in for further downside.
If we close above it tomorrow, this could be a bear trap.
Past Sell or Protection Signals
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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