WHY WOULD THE FUNDS EXIT THEIR LONGS?

AUDIO COMMENTARY

  • USDA out next week

  • No huge news today aside from tariffs

  • No damage on the charts (charts below)*

  • Brazil hedge pressure

  • The funds want to be long

  • Until the funds want out, why wouldn’t bias be higher?

  • Still like waiting for usual pricing seasonal to be aggressive

  • Most nervous factor is Brazil

  • Still think we will get leg higher in wheat

  • Could see wheat getting some business

  • Have to be cautious with funds, but they need a reason to leave

  • I don’t see funds hitting the exit until after the growing season

  • Funds are in this to wait and see. They want to make as much money as possible

Listen to today’s audio below

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CHARTS

March Corn 🌽

There is nothing bearish about this chart.

A correction here of course would not surprise me.

Ideally we hold that new black trendline, but it’s not the end of the world if we do not.

Weekly Corn 🌽

Here is weekly corn.

This is why a correction would not surprise me.

We are sitting right at resistance and have rejected that blue line for 3 straight weeks in a row now.

If we are going to fail short term, it makes sense that it would be here.

On the other hand, if we get a weekly close above the blue line.. the door is wide open to higher prices.

Dec-25 Corn 🌽

2nd target is still $4.72

March Beans 🌱

Ideally bulls hold the new uptrend (green line)

If that breaks we likely get a leg lower.

Next point of interest to the upside is still a test of that black line.

If we bust above there, next target is $11.35

(Targets do not have to hit. They are simply there to let you know its a good spot to de-risk if we get there)*

Nov-25 Beans 🌱

Next target is still $10.82 after hitting the $10.54 one a few weeks ago.

The big picture target (could be several months from now) is the $11.50 area.

As that is the implied move for the inverse head & shoulders as well as 78.6% of the May highs.

March Wheat 🌾

No damage done to the chart.

Still think we see another leg higher even if we get a small correction first.

Next target is still $6.20

Weekly Wheat 🌾

Weekly view still looks good.

Next main resistance is around the $6.00 level (black line)

After that, should bring more upside if we can take it out.

KC Wheat 🌾

KC still looks good, except we did leave a nasty daily candle today which could signal a little short term pressure here.

But overall I think we see more upside.

Bulls would now like to hold $5.89

Next target is $6.30


Generic Cash Sales Tracker

Due to requests here is our generic cash sales trackers.

This does not include any hedge recommendations etc. Simply cash.

This is futures prices.

For old crop there is no percentages as we only recently started tracking our generic sell signals. Future new crop sales will have percentages as we continue to make sales.

This will be included at the bottom of every update.


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


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


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