AUDIO COMMENTARY

Biggest hurdle is Trump unknowns
Brazil weather has been ideal
Ideas that Brazil beans growing
Beans NEED to hold here (Chart below)*
If somehow demand continues after Trump
Using a sideways volatile market your advantage
Do 2025 sales make sense for you?
How prices could go lower
We are levels where I don’t want to bet we “have” to go lower
A lot of demand is there. Longer term that’s what you want
Wheat posts new lows in some contracts
Russia almost out of selling wheat
Next wheat support? (Chart below)*
Bullish corn chart? (Chart below)*
Talk about lower carry out next WASDE
All chart breakdowns below*

Listen to today’s audio below

CHART BREAKDOWNS

March Corn 🌽

We bounced right in that golden zone (50-61.8% retracement from $4.14 to $4.48) like I said we might do last week. So good action thus far.

Currently we are sitting in a symmetrical triangle (pattern on the right).

This is neither bullish nor bearish. To confirm the next move, we need a break out of this blue triangle. If we bust higher we likely get a continuation higher. If we bust below, we make a leg lower.

The next spot I’m looking to re-hedge or make sales if you need to is the 200-day MA and that black channel. A little over $4.50

Jan Beans 🌱

Beans still NEED to hold these lows.

If we do not, the implied move is well below $9.00 (descending triangle pattern on the left)

To negate this set up, we have to bust that downward trend line.

My next spot I would look to re-hedge or make some sales is going to be if we touch that black downard trendline again. (Around $10.70 or so right now)