CORN CORRECTION. WHY WE ALERTED SELL SIGNAL YESTERDAY

AUDIO COMMENTARY & VIDEO

Below todays audio we added a video on why we alerted a sell signal in corn yesterday and go through a few different ways you can use technical analysis in your grain marketing.

  • Corn starts correction like we mentioned. Where I think we will bounce (Chart below)*

  • Export sales disappointing

  • Follow up on yesterday’s corn sell signal

  • Don’t think Trump presidency will be like last time

  • Soybeans don’t have a story to move the market

  • Soybeans could still have short term breakout (Chart below)*

  • Record corn yield yet lower carryout

  • Biggest question mark is will demand continue

  • Why I like being patient on new crop sales unless you’re someone with zero storage etc.

  • Focusing on old crop in an inverted market

Listen to today’s audio below

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TECHNICAL ANALYSIS VIDEO

In this video we go over our thoughts & reasoning behind our corn sell signal. As well as ways you can use tools like moving averages & stochastic in your marketing.

CHART BREAKDOWNS

March Corn 🌽

We are getting that correction I mentioned we probably would yesterday.

I would like us to find support in that golden zone between $4.35 and $4.41

I personally think we will go down and test that old resistance from the symetrical triangle we broke out of. Often times when you break out of a range, you go back to test it as support.

I drew with arrows how I personally see this playing out, but of course that doesn’t have to happen. Hence the sell signal yesterday.

Jan Beans 🌱

Still stuck in this descending wedge. It is getting awfully tight.

Either we break out, or fall apart. I drew the two scenarios.

If we break out, I am looking to de-risk at that black trendline resistance if we can get there.

If this support fails, there is a good chance we go sub $9.00

In my personal opinion I think we get a short lived breakout. The tighter this thing coils right here, the bigger the breakout could be. I will be taking advantage if we do so.

March Wheat 🌾

We broke that channel so that is a good sign.

But now we are basically range bound between 2 levels.

A break above $5.84 and I’d call a bottom.

A break below $5.46 and we could go test long term support.


Past Sell or Protection Signals

We recently incorporated these. Here are our past signals.

Dec 11: 🌽

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?

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(605) 295-3100

sfrost@dailymarketminute.com


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Check Out Past Updates

12/11/24

USDA PRICED IN? FAIR VALUE OF CORN? BEAN BREAKOUT?

Read More

12/11/24

CORN SELL SIGNAL

Read More

12/10/24

USDA BREAKDOWN

Read More


12/9/24

USDA TOMORROW

Read More


12/6/24

CORN TRYING TO BREAKOUT. MAKING MARKETING DECISIONS

Read More


12/5/24

OPTIMISTIC BOUNCE IN GRAINS

Read More


12/4/24

WHEAT UNDERVALUED? MOST RISK IN BEANS. HAVE A GAME PLAN

Read More


12/3/24

BEANS HOLDING DESPITE LACK OF BULLISH STORY

Read More


12/2/24

TRUMP & BRAZIL HURDLES

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11/27/24

CORN SPREADS, CRUCIAL SPOT FOR BEANS, SEASONALITY SAYS BUY

Read More


11/26/24

TARIFF TALK PRESSURE

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11/25/24

HOLIDAY TRADE, SEASONALS, TARGETS & DOWNSIDE RISKS

Read More


11/22/24

CORN TARGETS & CHINA CONCERNS

Read More


11/21/24

BEANS NEAR LOWS. CORN NEAR HIGHS. 2025 SALE THOUGHTS

Read More


11/19/24

WHAT’S NEXT FOR GRAINS

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11/18/24

WHEAT LEADS THE GRAINS REBOUND

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11/15/24

BIG BOUNCE, FUNDS LONG CORN, DOLLAR & DEMAND

Read More


11/14/24

3RD DAY OF GRAINS FALL OUT

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11/13/24

GRAINS CONTINUE WEAKNESS & DOLLAR CONTINUES RALLY

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 11/12/24

ANOTHER POOR PERFORMANCE IN GRAINS

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11/11/24

POOR ACTION IN GRAINS POST FRIENDLY USDA

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11/8/24

USDA FRIENDLY BUT GRAINS WELL OFF HIGHS

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11/6/24

GRAINS STORM BACK POST TRADE WAR FEAR

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11/5/24

ALL ABOUT THE ELECTION & VIDEO CHART UDPATE

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11/4/24

ELECTION TOMORROW

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11/1/24

GRAINS WAITING ON NEWS

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10/31/24

ELECTION & USDA NEXT WEEK

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10/30/24

SEASONALS, CORN DEMAND, BRAZIL REAL & MORE

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10/29/24

WHAT’S NEXT AFTER HARVEST?

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10/25/24

POOR PRICE ACTION & SPREADS WEAKEN

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10/24/24

BIG BUYERS WANT CORN?

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10/23/24

6TH STRAIGHT DAY OF CORN SALES

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10/22/24

STRONG DEMAND & TECHNICAL BUYING FOR GRAINS

Read More


10/21/24

SPREADS, BASIS CONTRACTS, STRONG CORN, BIG SALES

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10/18/24

BEANS & WHEAT HAMMERED

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10/17/24

OPTIMISTIC PRICE ACTION IN GRAINS

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10/16/24

BEANS CONTINUE DOWNFALL. CORN & WHEAT FIND SUPPORT

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10/15/24

MORE PAIN FOR GRAINS

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10/14/24

GRAINS SMACKED. BEANS BREAK $10.00

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10/10/24

USDA TOMORROW

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10/9/24

MARKETING STYLES, USDA RISK, & FEED NEEDS

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10/8/24

BEANS FALL APART

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10/7/24

FLOORS, RISKS, & POTENTIAL UPSIDE

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10/4/24

HEDGE PRESSURE

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10/3/24

GRAINS TAKE A STEP BACK

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10/2/24

CORN & WHEAT CONTINUE RUN

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10/1/24

CORN & WHEAT POST MULTI-MONTH HIGHS

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9/30/24

BULLISH USDA FOR CORN: RECOMMENDATION

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SINK OR SWIM TIME FOR SOYBEANS

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USDA PRICED IN? FAIR VALUE OF CORN? BEAN BREAKOUT?