IS MOMENTUM CHANGING IN THE MARKETS?
AUDIO COMMENTARY
Is market expecting high acres
What to expect before and after USDA report
USDA’s magic pencil & demand
Did USDA cut corn demand too soon
Should you be selling corn and beans
Does money want to be in commodities
Listen to today’s audio below
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CHARTS
Corn 🌽
Continued strength in corn. If we can break past the $6.48-50 resistance level I think our next stop is our long term moving averages which both sit a few cents over $6.60
Beans 🌱
Beans continue their impressive bounce. Short term I wouldn’t be extremely surprised to see this rally run into some selling. As short term we might be a tad overbought. Bulls want to break the upper trend line and out of this short term downtrend from late February.
Wheat 🌾
Wheat trying to break out of that bottom trendline. If we get that break I can see us going to test the upper trendline. Bulls would still like to see a break above our recent highs of $7.13
Check Out Past Updates
3/27/23 - Market Update
GRAINS CONTINUE THEIR REBOUND
3/26/23 - Weekly Grain Newsletter
WHAT HAVE FUNDS ALREADY FACTORED IN?
3/24/23 - Audio & Market Update
RUSSIA HALTING WHEAT & SUNFLOWER EXPORTS?
3/23/23 - Audio Commentary
CHINESE VS THE FUNDS
3/22/23 - Market Update