HUGE DAY IN GRAINS. WHAT TO DO WITH OLD CROP VS NEW CROP
AUDIO COMMENTARY
Massive corn exports. New highs
Trump tariff news excited the market
How the funds use the inverses when we are in bullish markets
3 choices for new crop
How to use inverse in corn vs carry in wheat
Clean breakout in wheat (chart below)
Funds very short wheat
Wheat is cheap here. Friendly fundamentals
US cold snap & weak dollar supporting wheat
Corn could drop a lot and still look bullish from a technical standpoint. Next target & where we could bounce (chart below)*
Why I don’t like pricing much new crop
Be careful when touching spreads
Sell what’s overvalued. Sit on what’s undervalued. The old vs new crop story
Next bean target $10.80 (chart below)*
Nothing wrong with rewarding rallies with floors
Still tremendous risk in beans
If you have puts that expire Friday
All charts & targets below audio*
Listen to today’s audio here
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(605)295-3100
CHARTS & TARGETS
March Corn 🌽
We hit my $4.85 target I have had for a while.
We closed above the $4.88 resistance.
Next target is $4.99
We are the most overbought we have been in 2 years. We will get a pullback at some point whether we hit the next target first or not. If we get a pullback, I am looking of a bounce in the golden zone green box ($4.65-$4.70)
This would also coincide with that seasonal weakness we usually see soon.
Another reason why $4.99 is the next target
$4.85 was the conservative implied move for this ascending triangle we had been talking about for months.
The more aggressive & textbook implied move is $4.99
Continuous Corn 🌽
Front month continuous corn posted it’s first higher high since all the way back in 2022.
Taking out the May highs.
I circled each high. All of them had been lower than the last, expect for this one.
Big win for the bulls looking big picture.
Dec 25 Corn 🌽
We hit the 38.2% retracement to our May highs.
Next targets are $4.64 (50% retracement)
Then $4.72 (61.8% retracement)
March Beans 🌱
Bounced exactly where we needed to Friday in the golden zone (50-61.8% retracements of the recent rally)
Next upside target is $10.80 and the green box with a test of that black downward trend.
Nov 25 Beans 🌱
Next target is $10.82 (the 50% retracement) if we can bust the 38.2%
March Wheat 🌾
There is the breakout we have been waiting for.
Very clean bust out of this falling wedge (bullish pattern I have been talking about for weeks)
Next resistance is $5.84
March KC Wheat 🌾
Same story here, got the breakout we were looking for.
Next resistance is $5.89
Past Sell & Protection Signals
We recently incorporated these. Here are our past signals.
Jan 15th: 🌽 🌱
Corn & beans hedge alert/sell signal.
Jan 2nd: 🐮
Cattle hedge alert at new all-time highs & target.
CLICK HERE TO VIEW
Dec 11: 🌽
Corn sell signal at $4.51 200-day MA
Oct 2nd: 🌾
Wheat sell signal at $6.12 target
Sep 30th: 🌽
Corn protection signal at $4.23-26
Sep 27th: 🌱
Soybean sell & protection signal at $10.65
Sep 13th: 🌾
Wheat sell signal at $5.98
May 22nd: 🌾
Wheat sell signal when wheat traded +$7.00
Want to Talk?
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Hedge Account
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Check Out Past Updates
1/20/25
VIDEO CHART UPDATE
1/17/25
TRUMP, CHINA, ARGY & USING THE SPREADS INVERSE
1/16/25
OLD CROP LEADS US LOWER. MARKETING THOUGHTS
1/15/25
SIGNAL & HEDGE ALERT QUESTIONS EXPLAINED. IS $6 CORN EVEN POSSIBLE?
1/14/25
MORE DETAILS ON TODAYS HEDGE ALERT & SELL SIGNAL
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CORN & SOYBEANS HEDGE ALERT/SELL SIGNAL
1/13/25
USDA GAME CHANGER OR NOT?
1/10/25
BULLISH USDA FOR CORN & BEANS
1/9/25
USDA OUT TOMORROW
1/8/25
2 DAYS UNTIL USDA. BE PREPARED
1/7/25
THE HISTORY OF THE JAN USDA & MORE
1/6/25
MAJOR USDA REPORT FRIDAY
1/2/25
LONG TERM CORN UPTREND? JANUARY DROP OFF IN BEANS? LONG TERM WHEAT FACTORS
1/2/25
CATTLE HEDGE ALERT
12/31/24
MASSIVE DAY FOR GRAINS. FLOORS? 2025 SALES? GAME PLAN? CHART BREAKDOWNS
12/30/24
GRAINS FADE EARLY HIGHS
12/27/24
STILL LONG TERM UPSIDE POTENTIAL, BUT TAKE ADVANTAGE OF 6 MONTH CORN HIGH
12/26/24
CORN ABOVE 200-DAY MA. ARGY DRY. BEANS +44 CENTS OFF LOWS
12/23/24
CORN & BEANS TALE OF 2 STORIES. BEANS REJECT OLD SUPPORT
Read More
12/20/24
PERFECT BOUNCE IN CORN. SIMPLE BEAN BACKTEST BEFORE LOWER?
12/19/24
THE SOYBEAN PROBLEM. NEW WHEAT LOWS. CORN UPTREND
12/18/24
BEANS BREAK SUPPORT & OPEN FLOOD GATES
12/17/24
SINK OR SWIM TIME FOR SOYBEANS
12/16/24
SOYBEANS & WHEAT FIGHTING LOWS. WILL CORN DEMAND CONTINUE
12/13/24
POST USDA COOL OFF
12/12/24
CORN CORRECTION. WHY WE ALERTED SELL SIGNAL YESTERDAY
12/11/24
USDA PRICED IN? FAIR VALUE OF CORN? BEAN BREAKOUT?
12/11/24
CORN SELL SIGNAL
12/10/24
USDA BREAKDOWN
12/9/24
USDA TOMORROW
12/6/24
CORN TRYING TO BREAKOUT. MAKING MARKETING DECISIONS
12/5/24
OPTIMISTIC BOUNCE IN GRAINS
12/4/24
WHEAT UNDERVALUED? MOST RISK IN BEANS. HAVE A GAME PLAN
12/3/24
BEANS HOLDING DESPITE LACK OF BULLISH STORY
12/2/24
TRUMP & BRAZIL HURDLES
11/27/24
CORN SPREADS, CRUCIAL SPOT FOR BEANS, SEASONALITY SAYS BUY
11/26/24
TARIFF TALK PRESSURE
11/25/24
HOLIDAY TRADE, SEASONALS, TARGETS & DOWNSIDE RISKS
11/22/24
CORN TARGETS & CHINA CONCERNS
11/21/24
BEANS NEAR LOWS. CORN NEAR HIGHS. 2025 SALE THOUGHTS
11/19/24
WHAT’S NEXT FOR GRAINS
11/18/24
WHEAT LEADS THE GRAINS REBOUND
11/15/24
BIG BOUNCE, FUNDS LONG CORN, DOLLAR & DEMAND
11/14/24
3RD DAY OF GRAINS FALL OUT
11/13/24
GRAINS CONTINUE WEAKNESS & DOLLAR CONTINUES RALLY
11/12/24
ANOTHER POOR PERFORMANCE IN GRAINS
11/11/24
POOR ACTION IN GRAINS POST FRIENDLY USDA
11/8/24
USDA FRIENDLY BUT GRAINS WELL OFF HIGHS
11/6/24
GRAINS STORM BACK POST TRADE WAR FEAR
11/5/24
ALL ABOUT THE ELECTION & VIDEO CHART UDPATE
11/4/24
ELECTION TOMORROW
11/1/24
GRAINS WAITING ON NEWS
10/31/24
ELECTION & USDA NEXT WEEK
10/30/24
SEASONALS, CORN DEMAND, BRAZIL REAL & MORE
10/29/24
WHAT’S NEXT AFTER HARVEST?
10/25/24
POOR PRICE ACTION & SPREADS WEAKEN
10/24/24
BIG BUYERS WANT CORN?
10/23/24
6TH STRAIGHT DAY OF CORN SALES
10/22/24
STRONG DEMAND & TECHNICAL BUYING FOR GRAINS
10/21/24
SPREADS, BASIS CONTRACTS, STRONG CORN, BIG SALES
10/18/24
BEANS & WHEAT HAMMERED
10/17/24
OPTIMISTIC PRICE ACTION IN GRAINS
10/16/24
BEANS CONTINUE DOWNFALL. CORN & WHEAT FIND SUPPORT
10/15/24
MORE PAIN FOR GRAINS
10/14/24
GRAINS SMACKED. BEANS BREAK $10.00
10/10/24
USDA TOMORROW
10/9/24
MARKETING STYLES, USDA RISK, & FEED NEEDS
10/8/24
BEANS FALL APART
10/7/24
FLOORS, RISKS, & POTENTIAL UPSIDE
10/4/24
HEDGE PRESSURE
10/3/24
GRAINS TAKE A STEP BACK
10/2/24
CORN & WHEAT CONTINUE RUN
10/1/24
CORN & WHEAT POST MULTI-MONTH HIGHS
9/30/24