CORN APPROACHES $5.00

AUDIO COMMENTARY


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  • South America Weather, Trump, & inflation

  • Approaching $5.00 implied move of ascending triangle we’ve talked about since back in December (chart below)*

  • We don’t know crop sizes and what Trump will do to the demand

  • Not many thought corn would be $5. We did

  • When funds this long, “usually” we go higher

  • Best strategy for most of you

  • Make sure you are comfortable

  • Russia wheat exports down 20-30%

  • Do not like selling wheat here

  • Brazil 2nd corn crop is backed up. Big factor

  • Why the corn market “could” get crazy

  • Did not like spread action in soybeans today

  • Do not like corn Mar-July spread

  • Why farmers could be more sold than usual

  • Corns has posted its first higher high since April 2022 (chart below)*

  • Beans bounced right where they needed to (chart below)*

  • All chart breakdowns below*

Listen today’s audio below

Want to talk or put together a market plan?

(605)295-3100

CHART BREAKDOWNS

March Corn 🌽

Here is the asending triangle I have been talking about since December

$4.99 is the implied move, and we are almost there

The move is calculated by taking the range of the triangle ($0.48) and adding it to the point of breakout ($4.51)

$4.51 + $0.48 = $4.99

Here is continuous corn.

We are trading at our highest levels since Oct 2023.

Posting our first higher high since April 2022.

This is a big deal.

The big picture possible upside objective is the next fib level at $5.37 (38.2% of 2022 highs)

Here is a weekly view of the same chart.

Dec-25 Corn 🌽

We are blasting past the 50% fib to the May highs at $4.64

Next target is $4.72

March Beans 🌱

We bounced exactly where we needed to keep the bulls hope alive and the bias remaining higher short term.

Bouncing right at the golden zone (50-61.8% retracement) of the recent rally

Next upside objective is the $10.80 area

Nov-25 Beans 🌱

Blasted past the 38.2% retracement of the May highs

Next target is the 50% at $10.82

Continuous Wheat 🌾

Think we eventually breakout to the upside here

Green support box held once again

KC March 🌾

Once again testing that blue downward trend

A bust above and it looks like wheat might finally catch a bid


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.


Past Sell or Protection Signals

We recently incorporated these. Here are our past signals.


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.

CLICK HERE TO VIEW


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

1/28/25

TARIFFS, CORN FUNDS, SOUTH AMERICA & MORE

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1/27/25

HEALTHY CORRECTION WE TALKED ABOUT & TARIFF NEWS

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1/24/25

GRAINS DUE FOR SHORT TERM CORRECTION?

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1/23/25

OUR ENTIRE NEW CROP SALES THOUGHTS & OLD CROP SELL SIGNAL

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1/22/25

GRAINS TAKE A BREATHER. IS CORN IN A BULL OR BEAR MARKET?

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1/21/25

HUGE DAY IN GRAINS. WHAT TO DO WITH OLD CROP VS NEW CROP

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1/20/25

VIDEO CHART UPDATE

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1/17/25

TRUMP, CHINA, ARGY & USING THE SPREADS INVERSE

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1/16/25

OLD CROP LEADS US LOWER. MARKETING THOUGHTS

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1/15/25

SIGNAL & HEDGE ALERT QUESTIONS EXPLAINED. IS $6 CORN EVEN POSSIBLE?

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1/14/25

MORE DETAILS ON TODAYS HEDGE ALERT & SELL SIGNAL

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1/14/25

CORN & SOYBEANS HEDGE ALERT/SELL SIGNAL

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1/13/25

USDA GAME CHANGER OR NOT?

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1/10/25

BULLISH USDA FOR CORN & BEANS

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1/9/25

USDA OUT TOMORROW

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1/8/25

2 DAYS UNTIL USDA. BE PREPARED

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1/7/25

THE HISTORY OF THE JAN USDA & MORE

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1/6/25

MAJOR USDA REPORT FRIDAY

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1/3/25

UGLY DAY ACROSS THE GRAINS

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1/2/25

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

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1/2/25

CATTLE HEDGE ALERT

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12/31/24

MASSIVE DAY FOR GRAINS. FLOORS? 2025 SALES? GAME PLAN? CHART BREAKDOWNS

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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

Read More


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?

Read More


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

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12/13/24

POST USDA COOL OFF

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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

Read More


12/10/24

USDA BREAKDOWN

Read More


12/9/24

USDA TOMORROW

Read More


12/6/24

CORN TRYING TO BREAKOUT. MAKING MARKETING DECISIONS

Read More


12/5/24

OPTIMISTIC BOUNCE IN GRAINS

Read More


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

Read More


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

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OUR ENTIRE NEW CROP SALES THOUGHTS & OLD CROP SELL SIGNAL