THIN HOLIDAY TRADE. COULD CHINA BUY CORN?
AUDIO COMMENTARY
Low volume holiday trade
Corn right golden zone (chart below)*
Corn exports continue to be amazing
Delayed exports strong for corn
A lot of questions asking if China comes into the corn market
Could China buy corn?
Do things you can control
Soybeans have the most upside potential, but also have the most downside risk
If you know you will have to price stuff, know you have downside risk
Is the juice worth the squeeze to you?
Still remaining patient in wheat mostly
Wheat is too cheap longer term
Don’t like taking wheat to the elevator unless we are doing something with the futures
MPLS starting to invert. Keep basis contracst on your radar here
Cattle is a falling knife. Reward bounces
Wheat & corn charts below audio*
Listen to today’s audio below
Want to talk? (605)250-3863
CHARTS
March Corn 🌽
We held the golden zone today.
This is a pretty important spot we need to hold.
It gives back 61.8% of the rally from Oct.
The most common spot for a standard correction to end. So finding a bottom here would make sense.
If we break below, it could be a sign this is more than just a simple correction before heading higher.
Basically, it’s decision time.
We bounced in the golden zone on the Sep sell off.
March Chicago Wheat 🌾
Finding some life right in the golden zone.
Similar story to corn right now.
We need to hold this box.
It gives back 61.8% of the entire rally off contract lows.
A bounce or failure here will tell us if this is just a simple correction or something bigger.
Past Sell or Protection Signals
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
Want to Talk?
Our phones are open 24/7 for you guys if you ever need anything or want to discuss your operation.
Hedge Account
Interested in a hedge account? Use the link below to set up an account or shoot Jeremey a call at (605)295-3100.