PROACTIVE VS FEAR GRAIN MARKETING
AUDIO COMENTARY
China is going to restore bean import licenses
Still waiting for some of the full details regarding the trade deals
Entering SA growing season
Everytime beans have hit $11 they’ve went $12
How big is our crop?
Have to pay respect to the different outcomes
Get in a position so you aren’t kicking yourself if you sell $11 beans and they go to $13
If you don’t sell a dollar rally, can you afford if we give it all back?
Some say the trade deal doesn’t impact beans
Where should wheat bottom? (chart below)*
What to watch in corn (chart below)*
Doesn’t feel like corn has a reason to pop yet. Could see some pressure with basis contracts & DP
China corn crop might have some issues
My bias is sub 180 come January
Still like using options for floors
Establishing a worst-case scenarios
Cattle at support area (chart below)*
How to know if cattle run is for sure over
Listen to today’s audio below
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CHARTS
Dec Corn 🌽
Could well very be heading towards the red box.
It gives back 50-61.8% of the recent rally. It’s the golden zone. A normal sized correction and most common place for a bounce.
So $4.20 is the level to hold and our point of interest.
If you remember on the last sell off, we also found our bottom in that previous golden zone (orange box).
Our green light that this market is read to head higher is if we break above the green box and the 200-day MA.
Dec Wheat 🌾
The old September resistance failed to provide support.
So we could potentially go test the golden zone. 50-61.8% of the entire rally.
That is our point of interest where I am looking for a bounce.
Live Cattle 🐮
Bouncing at our downside point of interest that we’ve been talking about all week.
We are at the 200% retracement of the last rally off the 50-day MA (marked with black lines).
We are also at the 200-day MA on the continuous chart.
Pretty massive spot to hold. If it gives out it could open the door much lower.
(Scoll for continuous chart)
Feeder Cattle 🐮
Same story with feeders.
Jan feeders hit the 200% retracement.
Continuous is right at the 200-day.
Crucial spot to hold to prevent further downside.
(Scroll for continuous chart)
Past Sell & Protection Signals
We recently incorporated these. Here are our past signals.
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.
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: 🌽 🌾
KC wheat & corn signal.
Jan 23rd: 🌽 🌱
Corn & beans sell signal.
Jan 15th: 🌽 🌱
Corn & beans hedge alert/sell signal.
Jan 2nd: 🐮
Cattle hedge alert at new all-time highs & target.
CLICK HERE TO VIEW
Dec 11: 🌽
Corn sell signal at $4.51 200-day MA
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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