ALGOS & BIG MONEY CONTINUE TO MOVE GRAIN PRICES

Written By Sebastian Frost

AUDIO COMMENTARY

  • Wheat nearly limit up

  • Grains rally across the board

  • Bull flag breakouts in wheat & beans (charts below)*

  • Crop progress faster than expected. Will it matter?

  • What will AI and the funds do next?

  • Algos and big money continue to move market

  • Russia crop continues to get smaller

Listen to today’s audio below

BULL FLAG CHARTS

Wheat

This bull flag breakout has an implied move of +66 cents from Friday’s lows.

Today we captured +38 which would give us another possible +28 cents of upside from this specific pattern.

This would put us right around $7.15

Of course weather and war headlines are going to be crucial factors.

Soybeans

Nearly a new high close in soybeans.

This bull flag breakout has a massive implied move of +95 cents from Wednesdays lows.

Which would bring us to just under $13.00 at $12.99. Doesn’t have to happen but that is the implied move.

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sfrost@dailymarketminute.com

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Sebastian Frost
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WEATHER MARKET VOLATILITY CONTINUES TO HEAT UP