Today we hit one of those targets we had been talking about for weeks. The 200-day MA.

Who is this signal for?

Those of you that have corn to move by the end of February should consider pricing some of that corn that you need to move by the end of February.

If you feel basis in your area will continue to strengthen then we like just buying the $4.50 February corn puts for 10 cents. We would do this on 100% of the corn you have to move by then.

If you feel basis will weaken we would sell the cash corn and re-own with a February $4.50 corn call for 10 cents.

Either strategy creates a futures price floor of $4.40.

Your upside is open through the big USDA report in January. You are locking in a minimum price of nearly +55 cents off the harvest lows.

For those that have to move corn in March or April, we would buy puts on 25% of what you need to move.

If you do not have a hedge account you can call Jeremey at (605)295-3100 or CLICK HERE

For those that do not want to use options, we would sell 33% of what you need to move by the end of February.

Why did we alert this signal?

We hit the 200-day MA which has been a target of ours for a very long time.

I said in past updates that this target is the green light to re-hedge or take risk off the table if you are someone who needs to do.

Right here you can see that the 200-day MA has acted as a major lid on corn futures.

This goes all the way back to 2022 if you followed along when Dec-24 corn was the main contract.

I think we might be able to flip this from resistance to support, but either way this is a huge resistance area.

The last reason is the stochastics.

They are topped out.

This doesn’t mean we have to go lower, but it usually signals that we will lose momentum and could see a correction.

The vertical purple lines mark each time the stochastic topped out.

This also happens to be each time corn put in a local high.

Past Sell or Protection Signals

We recently incorporated these. Here are our past signals.

Oct 2nd: 🌾

Wheat sell signal at $6.12 target

CLICK HERE TO VIEW

Sep 30th: 🌽

Corn protection signal at $4.23-26

CLICK HERE TO VIEW

Sep 27th: 🌱

Soybean sell & protection signal at $10.65

CLICK HERE TO VIEW

Sep 13th: 🌾

Wheat sell signal at $5.98

CLICK HERE TO VIEW

May 22nd: 🌾

Wheat sell signal when wheat traded +$7.00

CLICK HERE TO VIEW

Want to Talk?

Our phones are open 24/7 for you guys if you ever need anything or want to discuss your operation.

(605) 295-3100

sfrost@dailymarketminute.com

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Check Out Past Updates

12/10/24

CORN SELL SIGNAL

Who is this signal for?

Why did we alert this signal?

Past Sell or Protection Signals

Want to Talk?

Hedge Account

Check Out Past Updates

USDA PRICED IN? FAIR VALUE OF CORN? BEAN BREAKOUT?

USDA BREAKDOWN