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

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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

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


Hedge Account

Interested in a hedge account? Use the link below to set up an account or shoot Jeremey a call at (605)295-3100.

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Check Out Past Updates

12/30/24

GRAINS FADE EARLY HIGHS

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12/27/24

STILL LONG TERM UPSIDE POTENTIAL, BUT TAKE ADVANTAGE OF 6 MONTH CORN HIGH

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12/26/24

CORN ABOVE 200-DAY MA. ARGY DRY. BEANS +44 CENTS OFF LOWS

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12/23/24

CORN & BEANS TALE OF 2 STORIES. BEANS REJECT OLD SUPPORT

Read More


12/20/24

PERFECT BOUNCE IN CORN. SIMPLE BEAN BACKTEST BEFORE LOWER?

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12/19/24

THE SOYBEAN PROBLEM. NEW WHEAT LOWS. CORN UPTREND

Read More


12/18/24

BEANS BREAK SUPPORT & OPEN FLOOD GATES

Read More


12/17/24

SINK OR SWIM TIME FOR SOYBEANS

Read More


12/16/24

SOYBEANS & WHEAT FIGHTING LOWS. WILL CORN DEMAND CONTINUE

Read More


12/13/24

POST USDA COOL OFF

Read More


12/12/24

CORN CORRECTION. WHY WE ALERTED SELL SIGNAL YESTERDAY

Read More


12/11/24

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

Read More

 

12/11/24

CORN SELL SIGNAL

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12/10/24

USDA BREAKDOWN

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12/9/24

USDA TOMORROW

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12/6/24

CORN TRYING TO BREAKOUT. MAKING MARKETING DECISIONS

Read More


12/5/24

OPTIMISTIC BOUNCE IN GRAINS

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12/4/24

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

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12/3/24

BEANS HOLDING DESPITE LACK OF BULLISH STORY

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12/2/24

TRUMP & BRAZIL HURDLES

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11/27/24

CORN SPREADS, CRUCIAL SPOT FOR BEANS, SEASONALITY SAYS BUY

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11/26/24

TARIFF TALK PRESSURE

Read More


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

Read More


11/18/24

WHEAT LEADS THE GRAINS REBOUND

Read More


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

Read More



 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

Read More


10/31/24

ELECTION & USDA NEXT WEEK

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10/30/24

SEASONALS, CORN DEMAND, BRAZIL REAL & MORE

Read More


10/29/24

WHAT’S NEXT AFTER HARVEST?

Read More


10/25/24

POOR PRICE ACTION & SPREADS WEAKEN

Read More


10/24/24

BIG BUYERS WANT CORN?

Read More

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

Read More


10/18/24

BEANS & WHEAT HAMMERED

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10/17/24

OPTIMISTIC PRICE ACTION IN GRAINS

Read More


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

Read More


10/10/24

USDA TOMORROW

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10/9/24

MARKETING STYLES, USDA RISK, & FEED NEEDS

Read More

 

10/8/24

BEANS FALL APART

Read More

 

10/7/24

FLOORS, RISKS, & POTENTIAL UPSIDE

Read More

10/4/24

HEDGE PRESSURE

Read More

 

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

Read More

 

9/30/24

BULLISH USDA FOR CORN: RECOMMENDATION


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LONG TERM CORN UPTREND? JANUARY DROP OFF IN BEANS? LONG TERM WHEAT FACTORS

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GRAINS FADE EARLY HIGHS