AUDIO COMMENTARY

(After market close it was announced Trump plans to continue tariffs on Mexico & Canada)*

USDA outlook forum this week
First notice day is this week
Is this demand going to pop up? Or will supply pressure?
Tariff uncertainty leans negative
Could see Brazil harvest pressure
SA weather is favorable
So many geopolitical situations
World corn situation is one of friendliest ever
Brazil situation is tight. What it means
If you’re over sold vs undersold
Using the same methodology year after year
If new crop corn is profitable for you
Why you should or shouldn’t sell new crop
Today is another reason why we like overprotecting old crop to cover new crop
Chart breakdowns below*
Old crop corn & KC wheat reject off last week’s sell signal targets (charts below)*

Listen to todays audio below

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CHARTS

May Corn 🌽

Perfectly hit that first target at $5.14 (61.8% of the contract highs) Hence the sell signal last week.

The chart does not look very friendly here, as we took out that uptrend from last year.

Bulls need to hold that green box ($4.80 level) or there is a massive gap of air lower.

My bias remains higher longer term unless that box gives out.

Next upside target is the $5.40 range ($5.37-38 on continuous chart).

Dec Corn 🌽

This chart doesn’t look as bad short term as the front month contracts.

Upward channel is still in place for now.

We once again rejected that multi downtrend from Nov 2023.

Bulls line in the sand to keep an upward bias is that red line ($4.59)

Next upside target is $4.84

Weekly Corn 🌽

The weekly chart does not look great either, we failed to break that key level for 5 straight weeks in a row.

If we do ever break that level, the upside is still wide open.

But this a key level to break and makes sense we could get a rejection here as I have mentioned several times over the past few weeks.

This was a big support & resistance level in the past. For example, it was the exact lows in 2021.

May Beans 🌱

Really not much to update on beans.

Purely trapped in a range between the 100 & 200-day MA’s.

Whichever breaks first gives us the next direction.

Fail to hold the 100-day (purple line) we likely drop down to the green box.

Break above the 200-day (pink line) and it likely confirms a new uptrend. Beans have not closed above the 200-day since 2023. That’d be a big deal.

Nov Beans 🌱

Just like May beans, trapped between the moving averages.

Fail the 100-day and we revist the green box.

Next upside target is still $10.82

Big picture long term target is still $11.50

May KC Wheat 🌾

KC perfectly topped out at that target from our sell signal (it was 38.2% of the May 2024 highs and a big resistance spot)

To keep an upward bias we need to hold the blue box (50-61.8% of the rally from the lows)

I do still think we are sitting in a potential cup & handle pattern which is a bullish set up. But I can’t calculate the implied move until we break the recent highs.

May Chicago Wheat 🌾

We once again rejected the 200-day MA just like we did on the Sep/Oct rally.

Bulls need to hold the blue box to keep an upward bias (50-61.8% of the rally from the lows).

Next target is still $6.27 but is subject to change as we just missed it by a few cents.

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.