BEST DAY FOR GRAINS IN A LONG TIME
AUDIO COMMENTARY
Best day in a long time for grains
Beans best day since July 2023
Biden drops out lowers Trump odds
Funds record beans now
Charts starting to turn (Charts below)*
China hasn’t bought much yet, will they start?
If being forced to sell
Minneapolis wheat breaking out
Corn crop conditions decline
Could there be a short squeeze?
DP is dumb
Why you need hedge account
How Big Ag takes advantage of you
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CHARTS
Corn
We took out that first $4.12 resistance and have continued to hold $4.03 which is key support.
We have yet to break out of the trading range from the WASDE report highs of $4.16
If we can take out those WASDE highs of $4.16, the next spot looks like $4.26
A break above $4.26 would be a very good indicator that perhaps the bottom is in
Today was a feel good day, but $4.03 still needs to hold and $4.26 still needs to be broken for confirmation of direction. Until then we are stuck in a 20 cent range
Beans
Huge day. Biggest daily gain since July 2023
Very positive sign today. However, I would still like to see us break $10.98 to get confident saying the bottom is in
Wheat
$5.56 is the first resistance. But back over $5.67 would look pretty good on the charts
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Check Out Past Updates
7/19/24
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7/18/24
DEMAND, CHINA, POLITICAL PRESSURE, & TECHNICALS
7/17/24
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7/16/24
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7/15/24
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7/12/24
USDA REPORT: LOW PRICES CREATING DEMAND
7/11/24
USDA TOMORROW
7/10/24
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7/9/24
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7/8/24
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7/3/24
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7/2/24
BEARISH WEATHER, RECORD SHORTS, & CHINA
7/1/24
SUPPLY WILL BE THERE, BUT CAN DEMAND LEAD US HIGHER?
6/28/24
GARBAGE USDA REPORT
6/27/24
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6/25/24
POSSIBLE RISKS & OUTCOMES THIS USDA REPORT COULD HAVE
6/24/24
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6/20/24
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6/18/24
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6/17/24
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6/15/24
EXACT GRAIN MARKETING SITUATION BREAKDOWNS & WHAT YOU SHOULD BE DOING
6/12/24
USDA SNOOZE: WHAT’S NEXT?
6/11/24
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6/10/24
IS USDA OVERSTATING CROP CONDITIONS? DOES IT MATTER?
6/7/24
WEATHER & USDA NEXT WEEK
6/6/24
ARE GRAIN SPREADS TELLING US SOMETHING?
6/5/24
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6/4/24
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6/3/24
5TH DAY OF THE SELL OFF. ARE YOU COMFORTABLE?
5/31/24
4 STRAIGHT DAYS OF LOSSES IN GRAINS
5/30/24
I DON’T THINK SEASONAL RALLY IS OVER. WHAT IS THE PLAN IF I’M WRONG?
5/29/24
PLANTING DELAY STORY VANISHES. BUT IS REAL STORY OVER?
5/28/24
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5/24/24
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5/23/24
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5/22/24
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5/21/24
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5/20/24
ALGOS & BIG MONEY CONTINUE TO MOVE GRAIN PRICES
5/17/24
WEATHER MARKET VOLATILITY CONTINUES TO HEAT UP
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5/15/24
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5/14/24
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5/13/24
FUNDS DON’T WANT TO BE SHORT GRAINS
5/10/24
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5/9/24
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5/6/24
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5/3/24
SEASONAL RALLY JUST BEGINNING OR BULL TRAP?
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ARE THE TIDES STARTING TO TURN?
5/1/24