WHAT TO EXPECT HEADING INTO HARVEST
AUDIO COMMENTARY
Beans down hard on lack of China deal
Will supply loss offset demand loss in beans?
What will the US dollar do?
Watching harvest results
No major damage on charts
Bias leans higher in wheat still
Wheat isn’t suppose to be sold this time of year
Do your basis diligence
Have we given the funds a story yet?
More rate drops in the future. Could this help give the funds a reason to stop selling?
Could see a similar story as last year
Could see sideways action for a month or two before we get opportunities
Corn is the only one close to a sell signal
Beans at must hold level (chart below)*
Listen to today’s audio below
SOYBEAN CHART
Nov Beans 🌱
Soybeans are now right above a major must hold level.
$10.12 to $10.22
This blue box retraces 50-61.8% of the entire +80 cent rally off the lows.
We can fall all the way down to the bottom of the box and this entire sell off could still be viewed as a simple correction.
Bulls need to hold that box, or this sell off is no longer viewed as a simple correction. It is likely something bigger if it breaks.
Below this box we do also have a gap of air lower towards that trendline that has marked some pretty significant lows in this market several times.
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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