TRUMP PUMP & GOV SHUTDOWN
AUDIO COMMENTARY
Roll gap filled in cattle (chart below)*
Talk that screw worm got fixed
Trump says will meet with China in 4 weeks
Trump said soybeans will be a major topic
Soybean rally +20 cents off today’s lows (chart below)*
USDA price action wasn’t awful
No USDA report or some data for a while
Government shut down. How much info do we not get?
Will the lack of information impact the funds?
If you gotta move something, be proactive
One tweet from Trump makes soybeans rally
Even if we get something done with China, we won’t be shipping for a while
Harvest is hot & heavy especially for beans
Potential impacts of the Government shutdown
Nice reversal candles today (All charts below)*
Listen to today’s audio below
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SOME CHARTS
Dec Corn 🌽
Bounced right off that 50% retracement down to contract lows.
Level we need to hold is $4.07 to keep an upward bias.
Target is still $4.35
(Scroll for next corn chart)
Now here is an interesting chart.
We have a potential inverse head & shoulders pattern, which is bullish.
Would need a break above the neckline for confirmation.
Nov Beans 🌱
We rallied +20 cents off the lows today.
We were down hard.. then Trump tweeted and rallied the market.
We nearly touched that $9.90 level we had been talking about, touching $9.93, but did not quiet hit that trendline support. That was where I was looking to re-own.
Dec Wheat 🌾
Bounced at the bottom of this channel once again for the hundredth time.
Bulls looking for a breakout of this wedge to spark more upside.
We are still showing clear bullish divergence.
I don’t know when the exact bottom is, but I do still think we catch a bid down here eventually.
Continuous Feeder 🐮
When we rolled from Sep to Oct we left a roll at 364.
Today we perfectly rallied and touched 364, closing that gap, before heading back lower.
That is not the greatest sign in the world when you fill a gap then reverse right after.
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
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