VERY STRONG PRICE ACTION: RAINS & USDA KEY
AUDIO COMMETARY
Buy Signal Alert: Corn & Beans: those that have made sales but want to re-evaluate, or made profits with hedges
Dec corn made new low but rallied back
Key reversal in Nov beans (Charts below)*
Spreads firming despite basis contracts & first notice day
Crop condition trend is worse ratings
Rains out east will be key
How big of a pop could we get?
Biggest report of year Friday
Have we lost acres?
Balance sheet could be getting friendly for first time in a long time
What can set the stage for rallies?
Why we will sound like a broken record
Not puke selling
Puts if you aren’t comfortable, but don’t spend a ton of money
Don’t protect multiple years lows if don’t have to
Funds massively short
What scenario I’d buy puts ahead of report
You don’t see spreads firming in a market that doesn’t have demand
Everyone is bearish. Buy fear. Don’t sell it.
Listen to today’s audio below
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CHARTS
Corn 🌽
July Corn
Dec Corn
Soybeans 🌱
Nov Beans
Chicago Wheat 🌾
July Chicago
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Check Out Past Updates
6/21/24
DON’T PUKE SELL. ARE YOU COMFORTABLE RIDING THIS STORM?
6/20/24
RAIN OR NO RAIN FOR EAST CORN BELT?
6/18/24
WEATHER MARKET ENTERING FULL SWING
6/17/24
SELL OFF CONTINUES DESPITE FRIENDLY FORECASTS
6/15/24
EXACT GRAIN MARKETING SITUATION BREAKDOWNS & WHAT YOU SHOULD BE DOING
6/12/24
USDA SNOOZE: WHAT’S NEXT?
6/11/24
USDA TOMORROW
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
GRAINS NEARING BOTTOM? 7 DAYS OF RED
Read More
6/4/24
HIGH CORN RATINGS, SCORCHING SUMMER, & RUSSIA CONCERNS
Read More
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
GETTING COMFORTABLE WITH GRAIN MARKET VOLATILITY
5/24/24
WET SPRINGS DON’T CREATE RECORD YIELDS, DO THEY?
5/23/24
MANAGE RISK DESPITE STUPID PRICE POTENTIAL IN GRAINS
5/22/24
BEANS NEAR NEW HIGHS. WHAT TO DO WITH WHEAT?
5/21/24
BIG MONEY KEEPS DRIVING WHEAT HIGHER
Read More
5/20/24
ALGOS & BIG MONEY CONTINUE TO MOVE GRAIN PRICES
5/17/24
WEATHER MARKET VOLATILITY CONTINUES TO HEAT UP
5/16/24
SITUATIONAL GRAIN MARKETING
5/15/24
HEDGING VS GUESSING
5/14/24
CORRECTIONS ARE HEALTHY
5/13/24
FUNDS DON’T WANT TO BE SHORT GRAINS
5/10/24
PRICE ACTION TELLS DIFFERENT STORY FROM USDA REPORT
Read More
5/9/24
MARKET PRICING IN NEGATIVE REPORT. WHAT TO EXPECT FROM USDA
5/8/24
USDA IN 2 DAYS
5/7/24
WHO SHOULD WAIT FOR TRIGGERS NOT TARGETS
Read More
5/6/24
GRAINS HIGHEST IN 4 MONTHS
Read More
5/3/24
SEASONAL RALLY JUST BEGINNING OR BULL TRAP?
5/2/24
ARE THE TIDES STARTING TO TURN?
5/1/24