IF CHINA IS BUYING, I’M NOT SELLING

Written By Sebastian Frost

AUDIO COMMENTARY

  • Beans lower on Brazil rains

  • Brazil rains still look spotty

  • Why we could see a bounce in beans

  • Wheat market rallies again, highest in a month

  • Potential breakout in wheat (chart below)

  • If China is buying, I’m not selling

  • China buys largest amount of wheat in 10 years

  • Corn close to breaking downtrend (chart below)

  • Managing your risk & having a plan

  • What tools not to use when marketing

  • Why not having a hedge account could cost you

Listen to today’s audio below

MISS OUR SALE? LAST CHANCE..

For those of you that missed our sale that ended yesterday. We are extending the offer for a limited time. Don’t miss the opportunity. Everything is 50% off.

Become a Price Maker.

CHART BREAKDOWN

Corn 🌽

Corn testing that downtrend from late October. Bulls would like a break above and then a run up to $4.96 which we haven’t done since October 23rd. Currently sitting +15 cents off last weeks lows.

Beans 🌱

Beans sitting at that $13.05 level which we mentioned as the next downside risk on Friday. Bulls need to be aware that if we don’t hold $13 there is a wide gap of air down to $12.70.

Chicago 🌾

5th green day in a row. Now +66 cents off those contract lows from last week. We topped out at my $6.22 target I’ve had for a few weeks. We are getting awfully close to a breakout. Need a break and hold above $6.22 and it could lead to more short covering and really open up the charts.

WANT TO TALK?

Our phones are open 24/7 for you guys if you ever need anything or want to discuss your operation.

(605) 295-3100

sfrost@dailymarketminute.com

Sebastian Frost
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