AUDIO COMMENTARY

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Old crop has led us down. This is why we liked hedging new crop w old crop puts
End of month & first notice day
Think the selling is getting close to over
Fundamentally nothing has changed
Mexico said they’d buy more to avoid tariffs
March-May carry is big reason for the pressure
Very unlikely we have put in our highs
Old crop will continue to dominate new crop
Looking for May to June for marketing
If you have to move corn before May-June
Faster planting means bigger delights card
Courage calls explanation for future
Should you re-own anything? Why or why not
If you’re a feed guy, good buy zone soon
Don’t think corn demand is going away
Sell when you don’t know what you’ll grow
No farmer selling March & April. The funds are the only ones left to sell
Profitably still there for ethanol plants
Think basis will start turning around
(Charts below on where I think we will bounce)*

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CHARTS

May Corn 🌽

We couldn’t hold $4.79

I’ve been talking about this gap of air to the downside for weeks.

Next support: $4.66

That is 50% of the entire rally. Also happens to be those Feb lows

Last line of defense: $4.54

That is 61.8% of the entire rally. Also happens to be the old rresistance & point of breakout. Old resistance turned new support.

The 50-61.8% level is a standard correction. So when you zoon out, not too much to be concerned about unless we break below $4.54. Then I would be worried.

Really do not think we will break below $4.54. So I’d say we probably at most have another -15 cents of possible downside here.

We can bounce anywhere between the 50-61.8% levels.

Dec Corn 🌽

Just like May corn, we are sitting right above the golden zone (50-61.8% of the entire rally.

Again.. 50-61.8% is a standard textbook correction.

I see us bouncing anywhere in that red box.

Lowest I think we could go is $4.47

Not concerned unless we break below that.

May Beans 🌱

We broke below the 100-day MA.

I have been talking about how important the 100 & 200-day MAs were in beans.

The 100-day was once resistance, then support.

Since we broke below, it could very well trigger one more leg lower.

Just like corn, we are sitting right above the 50-61.8% retracements (golden zone).

So that is where I am looking for a bounce.

A drop down into that green box also sets up a very nice looking potential inverse head & shoulders. Which is bullish moving forward.

Nov Beans 🌱

Exact same setup in Nov as May beans.

Looking for a bounce in the green box.

A drop there sets up a nice inverse head & shoulders.

May KC 🌾

We couldn’t hold the golden zone.

Looks like we are going to drop back down to the $5.60 ish level.

Which also sets up a very good looking inverse head & shoulders pattern just like in soybeans.

Looking for a bounce in the green box.

May Chicago 🌾

Looking for a bounce between right here and those lows.

Really don’t think we will take out the lows.

Currently sitting right at the 78.6% retracement level of the rally. (Next one after 61.8%)

Past Sell or Protection Signals

We recently incorporated these. Here are our past signals.

Feb 18th: 🌽 🌾

Old crop KC wheat & old crop corn signal.

CLICK HERE TO VIEW

Jan 23rd: 🌽 🌱

Corn & beans old crop sell signal.

CLICK HERE TO VIEW

Jan 15th: 🌽 🌱

Corn & beans hedge alert/sell signal.

CLICK HERE TO VIEW

Jan 2nd: 🐮

Cattle hedge alert at new all-time highs & target.

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Dec 11th: 🌽

Corn sell signal at $4.51 200-day MA

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Oct 2nd: 🌾

Wheat sell signal at $6.12 target

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Sep 30th: 🌽

Corn protection signal at $4.23-26

CLICK HERE TO VIEW

Sep 27th: 🌱

Soybean sell & protection signal at $10.65

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Sep 13th: 🌾

Wheat sell signal at $5.98

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May 22nd: 🌾

Wheat sell signal when wheat traded +$7.00

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Generic Cash Sales Tracker

Due to requests here is our generic cash sales trackers.

This does not include any hedge recommendations etc. Simply cash.

This is futures prices.

For old crop there is no percentages as we only recently started tracking our generic sell signals. Future new crop sales will have percentages as we continue to make sales.

This will be included at the bottom of every update.