WHEN WILL CORN DEMAND TRAIN SLOW DOWN?
AUDIO COMMENTARY
Still have caution in cattle
Don’t be exposed to margin in cattle
Waiting for next weeks big USDA report
Most I hear have yield less than last year
Demand is a big wild card
US soybeans could supply others who originally were getting supply from SA
Corn demand still remains salty
China is putting big bets on SA crops
Interest rates going lower
Things get interesting if yield drops
Like getting feed needs covered
The market says sell the carry
Don’t love taking grain to town at harvest
Where is bean bottom? (chart below)*
Listen to today’s audio below
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SOYBEAN CHART
Nov Beans 🌱
I’ve had this blue box as the must hold spot on the chart since we alerted that sell signal at the top.
This bottom of the box gives back 61.8% of the entire rally off $9.80. Breaking below tells us that this sell off is more than a simple correction.
This could still be a potential bear trap as we haven’t fully busted below this level, but if we close below yesterday’s lows it likely opens the door lower.
That $9.90 area would be an area of interest. That trendline that marked all 3 major bottoms in this market this year. That is where I would start to look at some re-owning strategies etc.
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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