AUDIO COMMENTARY

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March corn breaks $5.00
Cold snap rallying the wheat market
Details on todays sell signal
Who was this sell signal for?
Similarities in wheat rally to summer corn rally
How much should you sell?
Different ways to take risk off
When wheat goes.. it can go fast. But it can take the elevator down
Why protecting KC wheat specifically
Not every sell signal is for everybody
Why this was for old crop not new crop
KC wheat areas will be +60 degrees in a week
Longer term still see higher prices in wheat
Still believe these markets have more upside, but taking risk off makes sense
ALL CHART BREAKDOWNS & TARGETS BELOW*

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CHART BREAKDOWNS

May Corn 🌽

This was one of the reasons for the sell signal.

We hit 61.8% of the contract highs.

Next target is going to be in that $5.40 area

July Corn 🌽

Another reason for the sell signal.

We hit 50% of the contract highs.

Next target is the $5.38 area.

March Corn 🌽

Unlike May and July corn, March corn has not yet taken out the May 2024 highs of $5.08

March corn goes off the board soon, but that 2nd target is again right in that $5.37 area just like it is on May and July corn.

We have an ascending triangle breakout in all of them. Which is a bullish pattern and makes me believe there is more upside.

Last time we had an ascending triangle it resulted in the $4.50 to $4.90 rally

Weekly Corn 🌽

Here is the continuous chart and the biggest technical reason why I see more upside in the corn market.

We are currently above a major support/resistance area (blue line)

A weekly close above here should bring on more upside, as there is very little resistance to the upside after here.

Again I think it brings us to $5.37 (38.2% of the 2022 highs of $8.24)

Monthly Corn 🌽

Here is the monthly look.

Again, above this level and there is very little resistance.

Which makes me think it opens the door higher.

Dec-25 Corn 🌽

Rejected right off the downward trend from 2023

If we bust above, it should open door higher

Next target is $4.84

March Beans 🌱

Not much to update on beans.

They remain trapped between the 100 & 200-day MAs.

The 100-day was resistance on the Sep & Nov highs.

Bulls need it to turn support or we likely visit the $10 range.

Have bounced off of it twice now.

To the upside, bulls want above the 200-day MA which would be a great sign.

Nov Beans 🌱

Still hovering around the 38.2% of the May highs.

Next target is 50% at $10.82

Big picture target is still the $11.50 area.

March Chicago 🌾

Next target is still $6.20

Chart looks great though. Broke key resistance.

Support and level bulls need to hold is now $5.84

May Chicago 🌾

May is now the active contract.

May is also closer to that next target than March wheat is.

Next target for May wheat is $6.27 (10 cents away)

March KC 🌾

Just tapped $6.30 and sitting right under the target

This also happens to be those October highs

Next target is $6.60

May KC 🌾

Hit the 38.2% of the May highs target at $6.35

Next target is $6.63

March MPLS 🌾

Next target is $6.62

MPLS finally has a nice breakout going.

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.

Last Sales:

New crop corn at $4.72 (5%)

Old crop corn at $5.20 (July)

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?

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sfrost@dailymarketminute.com

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Check Out Past Updates

2/18/25

MORE DETAILS ON TODAYS SELL SIGNAL

AUDIO COMMENTARY

CHART BREAKDOWNS

Past Sell or Protection Signals

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Check Out Past Updates

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