HOW PROACTIVE SHOULD YOU BE?
AUDIO COMMENTARY
Feeders broke out but live cattle didn’t
Still want to protect cattle in some fashion
Don’t get yourself in a marginal position
No one knows the metal top
Money flow bought everything today
Trump speech supports E15
Speech didn’t change anything materially
U.S. dollar / Real is supportive
Some wheat forecasts supportive
Wheat struggling in golden zone
Does it make sense to defend wheat
Nov beans hit golden zone target
Who should remain patient vs not
Corn demand is stellar
Will have to see if exports big again
If we get bridge payments it helps prevent some of the farmer selling
Defining how proactive you need to be based on how long of time frame you have
Grains are cheap in comparison
Some charts below audio*
Listen to today’s audio below
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SOME CHARTS
Nov Beans 🌱
We hit that golden zone target.
The most common spot for prices to revert back to.
Like we talked about yesterday, we still like rewarding a move between $10.93 to $11.00
March Beans 🌱
Unlike Nov, March beans did not quiet reach the target box.
However, we did finally break above key resistance. Which was the 23.6% retracement. The same level we failed at several times.
We also broke out of a bull flag.
Still like rewarding a move towards $10.89 to $11.05.
Was a disappointing close today. However, since we broke above the 23.6% fib I’d like to think we push towards the next levels.
March Wheat 🌾
Sitting right in the golden zone, so struggling here would make sense.
However, if you bust above this box it opens the door higher.
We are also potentially breaking out of a multi-month wedge if we can bust above the box.
March Corn 🌽
We still like rewarding a move towards $4.36-37
We’ve went over the reasoning plenty times, but it’s 50% of the Nov highs and old support.
Similar reasoning behind that old $4.50 sell signal.
March Feeders 🐮
We continue to hold that key support level. Still in a clear uptrend.
However, we are now printing some very clear bearish divergence on the RSI.
Prices are making new highs, the RSI is not.
Past Sell or Protection Signals
Dec 11th: 🐮
Cattle sell signal & hedge alert.
Dec 5th: 🐮
Cattle sell signal & hedge alert.
Nov 17th: 🌱
Soybean sell signal & hedge alert.
Nov 13th: 🌽 🌱
Managing risk in corn & beans ahead of USDA report.
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.
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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