ALL EYES ON TOMORROW’S USDA
AUDIO COMMENTARY
Quarterly USDA stocks report tomorow
Still want hedges in place in cattle. Be comfortable. Have close to the market puts and don’t put them out 6 months. If this market falls apart, front month will lead
Tomorrow is also the end of month
This report tends to be friendly corn & bearish soybeans. However, many are on edge with corn possibilities
The way corn has acted the past year makes you see risk in this report
This report was major mover in 2010
A 1.3 billion bushel carryout in corn should’ve resulted in an inverted board and hot basis. That did not happen
Implied volatility is extremely cheap
If this report provides major changes we could trade it for 1-2 months
What to watch after this report
If supply is getting smaller and demand is getting stronger, you could argue prices should go higher
USDA estimates below audio*
Listen to today’s audio below
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USDA STOCKS ESTIMATES
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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