IS MOMENTUM CHANGING IN THE MARKETS?

AUDIO COMMENTARY

  • Is market expecting high acres

  • What to expect before and after USDA report

  • USDA’s magic pencil & demand

  • Did USDA cut corn demand too soon

  • Should you be selling corn and beans

  • Does money want to be in commodities

Listen to today’s audio below


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CHARTS

Corn 🌽

Continued strength in corn. If we can break past the $6.48-50 resistance level I think our next stop is our long term moving averages which both sit a few cents over $6.60

Beans 🌱

Beans continue their impressive bounce. Short term I wouldn’t be extremely surprised to see this rally run into some selling. As short term we might be a tad overbought. Bulls want to break the upper trend line and out of this short term downtrend from late February.

Wheat 🌾

Wheat trying to break out of that bottom trendline. If we get that break I can see us going to test the upper trendline. Bulls would still like to see a break above our recent highs of $7.13

Check Out Past Updates

3/27/23 - Market Update

GRAINS CONTINUE THEIR REBOUND

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3/26/23 - Weekly Grain Newsletter

WHAT HAVE FUNDS ALREADY FACTORED IN?

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3/24/23 - Audio & Market Update

RUSSIA HALTING WHEAT & SUNFLOWER EXPORTS?

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3/23/23 - Audio Commentary

CHINESE VS THE FUNDS

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3/22/23 - Market Update

BEANS & WHEAT SELL OFF CONTINUES

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BEANS EXTEND 4-DAY RALLY

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GRAINS CONTINUE THEIR REBOUND