AUDIO COMMENTARY

Dollar continues to fall. Friendly demand
Wheat market gaps & rallies
Corn & wheat tight globally
US and Russia weather drives wheat higher
Be careful during a supply rally
A weather scare can create a big rally in corn given how tight global situation is
Being able to pull the trigger on sales during a weather scare using courage calls
Early planting leads to greater drought story
Funds have sold a lot. Could see them come back for growing season or if we have early planting it could create short term selling
Corn exports still super bullish
NOPA below all estimates. Bearish for beans
So many unknowns. Tariffs, acres, & weather
Don’t be backed in a corner to sell
Bullish wheat pattern & targets (chart below)*
Feeder cattle approaching target (chart below)*
Why corn “should” hold this level (chart below)*
Soybean chart is simple (chart below)*
All technical charts below the audio*

Listen to today’s audio below

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CHARTS

Feeder Cattle 🐮

Not a bad spot to be looking to take risk off here soon.

I have a target of 286.975 that we are quickly approaching.

That is simply the golden fib extension of the rally from 266 to 279. So this target equals 161.8% of that first move.

March Corn 🌽

Nothing to update.

Still hovering right above the 61.8% level of this entire 5 month rally.

Also sitting right in the golden zone of this little mini rally from the recent lows. (50-61.8% of the rally from $4.42 to $4.77)

As long as this red box holds, there is nothing to be concerned about. Ideally we hold that.

I think this level should and will hold. (Scroll to see more reasons why)

Next point of interest is still $4.80. That is our old support, now resistance. It would also give us back 50% of the entire sell off.

Here is another reason why corn should hold here.

The 200-day was major resistance since 2023.

We broke above it.

Old resistance especially of that magnitude should become new support.

Dec Corn 🌽

Still sitting in the golden zone (50-61.8% retracement of the entire rally off contract lows.

Ideally we hold that red box, and I think we will.

Short term point of interest is $4.60

That would give us back 50% of the sell off and is also old resistance a few times.

Big picture thinking, I have a target of $5.11

That is 161.8% of the entire rally from $4.28 to $4.80 (known as golden fib extension)

May Beans 🌱

Pretty simple set up here.

Bulls need above the 100-day MA to say we are done going down. It has been key resistance and support several times.

If we do that, next resistance is the 200-day MA.

At the same time, we desperately need to hold this big support box. As there is no support beneath here until the contract lows.

Still sitting in a potential invers head & shoulders pattern, which is bullish. But need to hold this support level to keep the possible set up in tact.

Nov Beans 🌱

Same exact set up in Nov as May beans.

May KC 🌾

Bounced right where we needed to, now +60 cents off the lows.

Next resistance is that $6.35 level. Everything between $6.35 and the recent lows is simply noise and range.

We do have a potential triple bottom set up here. Which is a bullish reversal pattern. The implied move for this is over $7.00

Each target level where I am taking risk off is labeled on the chart.

May Chicago 🌾

Next resistance should be the top of this channel.

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.