Old Crop KC Wheat 🌾

*(Scroll to check out corn signal)*

We hit my first target on May KC ($6.35) and are just under my first target on March KC ($6.30)

I think this warrants taking some risk off the table.

KC wheat is in a little weather market here with the US cold snap. If you know anything about wheat, you know it can take the elevator back down and give back a weather rally quick.

I still think wheat has all of the potential in the world and I think we have a very friendly world situation, but I also think it makes sense from a risk management standpoint to take advantage of a near dollar rally.

This is an incremental old crop sell signal. Perhaps 10% or whatever amount you typically make your incremental sales in. Or of course you can consider grabbing puts to replace a sale.

Here are the charts:

First March KC.

We are right under that first target, 38.2% of the May highs.

This level also happens to be right at a big resistance spot of the October highs.

Now for May KC.

May is now the active contract in wheat.

We hit 38.2% of the May highs.

Just like in March, this is also the October highs.

If we bust this level, next spot I am looking to take risk off the table is $6.63

Old Crop Corn 🌽

This signal is ONLY for those that feel like they are behind on old crop sales.

If you are someone who only has 15-20% or so left to price then I’d personally just use the rest as gambling bushels.

But if you are behind, now is a decent spot to take some risk off via a sale or puts to replace a sale.

My bias remains higher for corn especially towards spring & summer, but we are at some key levels on the charts.

First May Corn:

We are at 61.8% of the contract highs.

Which also happens to be the May 2024 highs.

Now July Corn:

We are at 50% of the contract highs.

Just like in May corn, we are right at those May 2024 highs.

Next target is $5.38 if we claw above this level.

March Corn:

March hasn’t quiet reached those May 2024 highs but is getting close.

The $5.08 level is also 61.8% of the contract highs.

The black lines represent an ascending triangle, which is a bullish pattern. We are now breaking out of it.

Weekly & Monthly Corn:

Here is why this signal is only for those that are behind.

First the weekly chart, we are now above a pretty key level in continuous corn.

This was a big support & resistance level in the past (blue line)

A weekly close above here should bring on more upside.

The big picture target here is still $5.37 as it has been for a while. (38.2% of the April 2022 highs)

Here is a monthly view.

If we get a monthly close above here, the chart looks wide open.

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Past Sell or Protection Signals

We recently incorporated these. Here are our past signals.

Jan 23rd: 🌽 🌱

Corn & beans old crop sell signal.

CLICK HERE TO VIEW

Jan 15th: 🌽 🌱

Corn & beans hedge alert/sell signal.

CLICK HERE TO VIEW

Jan 2nd: 🐮

Cattle hedge alert at new all-time highs & target.

CLICK HERE TO VIEW

Dec 11th: 🌽

Corn sell signal at $4.51 200-day MA

CLICK HERE TO VIEW

Oct 2nd: 🌾

Wheat sell signal at $6.12 target

CLICK HERE TO VIEW

Sep 30th: 🌽

Corn protection signal at $4.23-26

CLICK HERE TO VIEW

Sep 27th: 🌱

Soybean sell & protection signal at $10.65

CLICK HERE TO VIEW

Sep 13th: 🌾

Wheat sell signal at $5.98

CLICK HERE TO VIEW

May 22nd: 🌾

Wheat sell signal when wheat traded +$7.00

CLICK HERE TO VIEW

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Check Out Past Updates

2/14/25

OLD CROP KC WHEAT & CORN SELL SIGNAL

Past Sell or Protection Signals

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Check Out Past Updates

MORE DETAILS ON TODAYS SELL SIGNAL

WHEAT BREAKING OUT ON WEATHER RISK. TECHNICALS & FUNDAMENTALS