CHINA MEETING TONIGHT

AUDIO COMMENTARY

  • Volatile action in cattle, but held support

  • Wheat production 25% less than last year?

  • KC hit our $7.50 target we’ve had

  • Wheat can often lead rallies

  • China meeting is tonight at 9pm CT

  • Will the China meeting be priced in or be the start of a demand led rally?

  • World wheat situation under evaluated?

  • Plenty of macro risks out there

  • USDA said our job for wheat is to price us out the exports and curve demand

  • World corn stocks at 14-year lows

  • Watch the carryout trend in corn

  • Managing orders entering a major news event

  • Seasonals say this is about the time of year to make sales or grab some protection

  • Will China meet expectations or be a buy the rumor & sell the fact?

  • Understand possibilities and probabilities

  • There are no issues in US corn crop

  • The funds are plenty long. Is that a risk?

  • More potential in corn entering China meeting?

  • Bulls need to continue to be fed

  • Fingers on the triggers for sales & protection

  • If you’re worried about the downside yet think the market is going higher, the simplest thing is to lock in a floor and remove emotion

Listen to today’s audio below


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USDA & WHEAT LIMIT UP