ALGOS & BIG MONEY CONTINUE TO MOVE GRAIN PRICES
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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Check Out Past Updates
5/17/24
WEATHER MARKET VOLATILITY CONTINUES TO HEAT UP
5/16/24
SITUATIONAL GRAIN MARKETING
5/15/24
HEDGING VS GUESSING
5/14/24
CORRECTIONS ARE HEALTHY
5/13/24
FUNDS DON’T WANT TO BE SHORT GRAINS
5/10/24
PRICE ACTION TELLS DIFFERENT STORY FROM USDA REPORT
5/9/24
MARKET PRICING IN NEGATIVE REPORT. WHAT TO EXPECT FROM USDA
5/8/24
USDA IN 2 DAYS
5/7/24
WHO SHOULD WAIT FOR TRIGGERS NOT TARGETS
5/6/24
GRAINS HIGHEST IN 4 MONTHS
5/3/24
SEASONAL RALLY JUST BEGINNING OR BULL TRAP?
5/2/24
ARE THE TIDES STARTING TO TURN?
5/1/24
BE PATIENT & READY FOR THESE OPPORTUNITIES
4/30/24
FIRST NOTICE DAY SELL OFF
4/29/24
WHEAT TAKES A BREATHER
Read More
4/26/24
SHOULD YOU REWARD WHEAT RALLY?
4/25/24