WHAT TO EXPECT HEADING INTO HARVEST

AUDIO COMMENTARY

  • Beans down hard on lack of China deal

  • Will supply loss offset demand loss in beans?

  • What will the US dollar do?

  • Watching harvest results

  • No major damage on charts

  • Bias leans higher in wheat still

  • Wheat isn’t suppose to be sold this time of year

  • Do your basis diligence

  • Have we given the funds a story yet?

  • More rate drops in the future. Could this help give the funds a reason to stop selling?

  • Could see a similar story as last year

  • Could see sideways action for a month or two before we get opportunities

  • Corn is the only one close to a sell signal

  • Beans at must hold level (chart below)*

Listen to today’s audio below


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SOYBEAN CHART

Nov Beans 🌱

Soybeans are now right above a major must hold level.

$10.12 to $10.22

This blue box retraces 50-61.8% of the entire +80 cent rally off the lows.

We can fall all the way down to the bottom of the box and this entire sell off could still be viewed as a simple correction.

Bulls need to hold that box, or this sell off is no longer viewed as a simple correction. It is likely something bigger if it breaks.

Below this box we do also have a gap of air lower towards that trendline that has marked some pretty significant lows in this market several times.


Past Sell or Protection Signals

Aug 22nd: 🌱

Soybean sell signal & hedge alert.

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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.

CLICK HERE TO VIEW


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.

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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

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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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HOW BIG OF AN IMPACT DID USDA MAKE?