GARBAGE USDA REPORT

AUDIO COMMENTARY & USDA BREAKDOWN

  • Lock in floors on cattle

  • Corn acres & stocks increased

  • Idea is carryout will increase, but I don’t see that

  • Harvested acres are going down with floods etc

  • Todays report created more demand

  • Corn numbers on surface very negative

  • That rally is going to be counter seasonal rally led by demand which is a better rally than a scare rally

  • Get comfortable if you don’t think we will get that rally. Lock in downside

  • Chart action wasn’t awful, well off lows

  • Funds are a lot shorter than most realized. Short a massive amount

  • Lower we go, the more demand we create

  • Now is very good time to look to re-own

  • Options got very cheap today

  • Sub $4.00 corn is possible

  • Why corn could spend more time above $5 than below the next 1 1/2 years

  • Have you looked at the China corn market?

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THE USDA NUMBERS

CORN

SOYBEANS

WHEAT

CHARTS

Corn

Beans

Wheat


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6/3/24

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5/31/24

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5/30/24

I DON’T THINK SEASONAL RALLY IS OVER. WHAT IS THE PLAN IF I’M WRONG?

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5/29/24

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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

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5/17/24

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5/16/24

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5/15/24

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5/14/24

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5/13/24

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5/10/24

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5/9/24

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5/8/24

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5/7/24

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5/6/24

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5/3/24

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5/2/24

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5/1/24

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SUPPLY WILL BE THERE, BUT CAN DEMAND LEAD US HIGHER?

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BIGGEST USDA REPORT OF YEAR TOMORROW