MASSIVE DAY FOR GRAINS. FLOORS? 2025 SALES? GAME PLAN? CHART BREAKDOWNS
AUDIO & VIDEO CHART UPDATE
Beans break downtrend (video below)*
Next corn target & explanation (video below)*
Massive corn crop met with massive demand
Risk that the farmers undersold & funds long
A lot of you should be considering floors or sales for corn especially if you have to price it next few months
You can have the highest price guaranteed since June while keeping the upside open in corn
Funds short soybeans. Opens possible buying
What to do if got protection at lows
Beans usually take it on the chin in mid-January
If you have to move soybeans in Q1, start to scale into a floor
Wheat trying to break it’s downtrend (video below)*
Your marketing plan is going to be a lot different than last year. Basis contracts is a great example. Good option this year vs bad last year.
Nothing wrong with making sales here
Should you be making 2025 sales?
Get floors if you have grain to move
Reach out if you want to create a plan: (605)295-3100
Full charts & video breakdown below*
Our Holiday Sale Ends at Midnight
Don’t miss future opportunities and our next sell signal
Want to talk? (605)295-3100
VIDEO CHART UPDATE
Here is a video where we go over the next target for the corn & an exact explanation as to why. We also go over the potential break outs in soybeans & wheat.
I included actual pics of the charts below the video for those that prefer to simply read.
CHARTS
Corn 🌽
Great action, completely negated yesterdays possible reversal action.
Next target still remains $4.67 but we could easily come back to test the breakout point of the ascending triangle before hand.
We bounced right off the 200-day MA yesterday. Great sign. If you remember, the 200-day had acted as major resistance since 2022. It will now hopefully be support. Prices above the 200-day also signal an uptrending market.
Reason #2 why the next target is $4.67
That is our 61.8% retracement from the May highs.
Bigger picture target. I am thinking spring or summer time, when we typically get the seasonal rally.
The implied upside target for this sending triangle is $4.85 on the conservative end, and $4.99 on the aggressive end.
Targets do not have to hit. Targets are there to simply let you know this is a spot to take risk off the table if they do hit.
Soybeans 🌱
Breaking out of that downward trend we’ve been trapped in since May.
Very good potential sign for the bulls.
Things look completely different from a week ago. Now +60 cents off the lows.
My next targets to take risk off the table is $10.24 to $10.42 (Our 50% to 61.8% retracements from the September highs)
Wheat 🌾
We have a potential bullish falling wedge.
Need another leg higher for confirmation but looks good as of right now.
Feels like KC wheat is building a good floor at these lows.
Looks good as of right now. Does need to continue to hold those lows however.
Past Sell or Protection Signals
We recently incorporated these. Here are our past signals.
Dec 11th: 🌽
Corn sell signal at $4.51 200-day MA
CLICK HERE TO VIEW
Oct 2nd: 🌾
Wheat sell signal at $6.12 target
Sep 30th: 🌽
Corn protection signal at $4.23-26
Sep 27th: 🌱
Soybean sell & protection signal at $10.65
Sep 13th: 🌾
Wheat sell signal at $5.98
May 22nd: 🌾
Wheat sell signal when wheat traded +$7.00
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Check Out Past Updates
12/30/24
GRAINS FADE EARLY HIGHS
12/27/24
STILL LONG TERM UPSIDE POTENTIAL, BUT TAKE ADVANTAGE OF 6 MONTH CORN HIGH
12/26/24
CORN ABOVE 200-DAY MA. ARGY DRY. BEANS +44 CENTS OFF LOWS
12/23/24
CORN & BEANS TALE OF 2 STORIES. BEANS REJECT OLD SUPPORT
12/20/24
PERFECT BOUNCE IN CORN. SIMPLE BEAN BACKTEST BEFORE LOWER?
12/19/24
THE SOYBEAN PROBLEM. NEW WHEAT LOWS. CORN UPTREND
12/18/24
BEANS BREAK SUPPORT & OPEN FLOOD GATES
12/17/24
SINK OR SWIM TIME FOR SOYBEANS
12/16/24
SOYBEANS & WHEAT FIGHTING LOWS. WILL CORN DEMAND CONTINUE
12/13/24
POST USDA COOL OFF
12/12/24
CORN CORRECTION. WHY WE ALERTED SELL SIGNAL YESTERDAY
12/11/24
USDA PRICED IN? FAIR VALUE OF CORN? BEAN BREAKOUT?
12/11/24
CORN SELL SIGNAL
12/10/24
USDA BREAKDOWN
12/9/24
USDA TOMORROW
12/6/24
CORN TRYING TO BREAKOUT. MAKING MARKETING DECISIONS
12/5/24
OPTIMISTIC BOUNCE IN GRAINS
12/4/24
WHEAT UNDERVALUED? MOST RISK IN BEANS. HAVE A GAME PLAN
12/3/24
BEANS HOLDING DESPITE LACK OF BULLISH STORY
12/2/24
TRUMP & BRAZIL HURDLES
11/27/24
CORN SPREADS, CRUCIAL SPOT FOR BEANS, SEASONALITY SAYS BUY
11/26/24
TARIFF TALK PRESSURE
11/25/24
HOLIDAY TRADE, SEASONALS, TARGETS & DOWNSIDE RISKS
11/22/24
CORN TARGETS & CHINA CONCERNS
11/21/24
BEANS NEAR LOWS. CORN NEAR HIGHS. 2025 SALE THOUGHTS
11/19/24
WHAT’S NEXT FOR GRAINS
11/18/24
WHEAT LEADS THE GRAINS REBOUND
11/15/24
BIG BOUNCE, FUNDS LONG CORN, DOLLAR & DEMAND
11/14/24
3RD DAY OF GRAINS FALL OUT
11/13/24
GRAINS CONTINUE WEAKNESS & DOLLAR CONTINUES RALLY
11/12/24
ANOTHER POOR PERFORMANCE IN GRAINS
11/11/24
POOR ACTION IN GRAINS POST FRIENDLY USDA
11/8/24
USDA FRIENDLY BUT GRAINS WELL OFF HIGHS
11/6/24
GRAINS STORM BACK POST TRADE WAR FEAR
11/5/24
ALL ABOUT THE ELECTION & VIDEO CHART UDPATE
11/4/24
ELECTION TOMORROW
11/1/24
GRAINS WAITING ON NEWS
10/31/24
ELECTION & USDA NEXT WEEK
10/30/24
SEASONALS, CORN DEMAND, BRAZIL REAL & MORE
10/29/24
WHAT’S NEXT AFTER HARVEST?
10/25/24
POOR PRICE ACTION & SPREADS WEAKEN
10/24/24
BIG BUYERS WANT CORN?
10/23/24
6TH STRAIGHT DAY OF CORN SALES
10/22/24
STRONG DEMAND & TECHNICAL BUYING FOR GRAINS
10/21/24
SPREADS, BASIS CONTRACTS, STRONG CORN, BIG SALES
10/18/24
BEANS & WHEAT HAMMERED
10/17/24
OPTIMISTIC PRICE ACTION IN GRAINS
10/16/24
BEANS CONTINUE DOWNFALL. CORN & WHEAT FIND SUPPORT
10/15/24
MORE PAIN FOR GRAINS
10/14/24
GRAINS SMACKED. BEANS BREAK $10.00
10/10/24
USDA TOMORROW
10/9/24
MARKETING STYLES, USDA RISK, & FEED NEEDS
10/8/24
BEANS FALL APART
10/7/24
FLOORS, RISKS, & POTENTIAL UPSIDE
10/4/24
HEDGE PRESSURE
10/3/24
GRAINS TAKE A STEP BACK
10/2/24
CORN & WHEAT CONTINUE RUN
10/1/24
CORN & WHEAT POST MULTI-MONTH HIGHS
9/30/24