HAVING A PLAN FOR BUSHELS
AUDIO COMMENTARY
Like rewarding cattle bounce
Great action in wheat today (chart below)*
Up against resistance in wheat (chart below)*
What does this China deal mean?
There is a path for a tight balance sheet in beans
China deal isn’t just friendly today, it is friendly long term
Interest rates continue to drop and this could entice the funds more
A lot time beans can rocket to $12 (chart below)*
Keep a floor if you have to move soybeans by the end of the year
Corn still at resistance (chart below)*
Could see corn struggle more than beans in Nov
Nov is seasonally weak for corn
No matter where yield is, we have a big corn crop. Which could pressure us short term with the forced selling
Get a game plan if you have basis contracts
Corn options still cheap. How to use them
If you have tops you have to take off get a plan for those bushels
CCC loans to cut interest expenses
Listen to today’s audio below
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CHARTS
Dec Corn 🌽
Still battling resistance after hitting our first target of $4.35
Could very easily see us cool off here but we don’t have to.
If we correct, we need to hold $4.20 which is a standard correction and 61.8% of the recent rally.
If we take out the green box then the upside opens further.
Continuous Beans 🌱
We talked for months that if we broke out of this yearly range, we could have some room to run.
We still have the gap or air towards $11.40
Here is a monthly chart.
This is why $12 beans wouldn’t surprise me.
We simply rarely trade in the $11’s. When we do, it usually isn’t for very long.
Dec Wheat 🌾
Right up against resistance once again.
Big spot.
IF we can break above, it should spark some further upside.
Targets are $5.54 and $5.69
Past Sell or Protection 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.
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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