GRAINS DISAPPOINT AFTER TRADE WAR DE-ESCALATION

AUDIO COMMENTARY

  • Hedge alert in cattle

  • Grains disappointing action

  • China & Trump tension de-escalated

  • Stocks were strong with de-escalation

  • Where could corn bottom? (chart below)*

  • If you gotta move grain before EOY

  • If you are going to have to market it

  • You are fighting against big ag

  • Higher prices might not happen by the time some of you are forced to sell

  • Put yourself in a position where prices don’t worry you

  • Why has basis has been firming in a lot of areas at harvest time?

  • China & Trump about rare earth minerals

  • Not going to sell wheat at contract lows

  • World has too much wheat supply but some dryness in US wheat areas

  • Still feels like wheat is undervalued

  • Wheat isn’t gaining areas but it grows everywhere and there isn’t production issues anywhere

  • Have things locked in if you want to pre-sale

Listen to today’s audio below

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CORN CHART

Dec Corn 🌽

We are down in the golden zone.

I am looking for a bounce at $4.07

That gives back 61.8% of the entire rally off of contract lows.

That is the most common spot for a correction to end.

So if the harvest lows are in, $4.07 would be the logical place for us to bottom here.

I think we bounce there, but if we do not.. that is the last line of support from contract lows. It is a major spot to hold.


Past Sell or Protection Signals

Oct 13th: 🐮 

Cattle sell signal & hedge alert.

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Aug 22nd: 🌱

Soybean sell signal & hedge alert.

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July 31st: 🐮 

Cattle sell signal & hedge alert.

CLICK HERE TO VIEW


July 10th: 🐮 

Cattle sell signal & hedge alert.

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June 5th: 🐮 

Cattle sell signal & hedge alert.

CLICK HERE TO VIEW


June 2nd: 🌾

MPLS wheat sell signal.

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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


Want to Talk?

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CATTLE HEDGE ALERT