CORN TRYING TO BREAKOUT. MAKING MARKETING DECISIONS
AUDIO COMMENTARY
Strong day in corn, follows through reversal
Corn on verge of a breakout (Chart below)*
Corn spreads inverting hints demand
Talk about a Phase 2 of Trade War. Friendly if so
Corn hasn’t been above 200-day MA in +1 yr
For those that have marketing to do
Brazil bean estimates getting larger
Brazil real vs dollar pressuring beans
Corn vs beans complete opposite fundamentals
Want to sell old crop corn if inverse continues
Basis contracts could be good tool in future
Wheat attempting reversal (Chart below)*
Determining decisions in your marketing
If you don’t have a lot of time to price things
What kind of increments do you like to sell?
Why hedge account & floors are important tool
Indicators suggest beans bounce (Chart below)*
Listen to today’s audio below
Want to talk? (605)295-3100
CHARTS
March Corn 🌽
Corn trying to bust out of this symmetrical triangle. We should know by Monday.
If we bust higher, we should have some room to run.
If we reject here, we will probably go test the bottom of the triangle.
If we do bust through, my first target is still the 200-day MA which sits at $4.51 3/4 as of right now.
We haven’t closed above that since summer of 2023.
The indicators are another reason why I think we have room to run if we bust out of here.
The stochastic is nowhere near the top.
The MACD flipped bullish for the first time since early Nov (circled in purple)
Jan Beans 🌱
Nothing new here. Same story as it has been for weeks.
Need to hold those lows or there is a real chance we could fall sub $9.00
Break this downward trend and we could see a leg higher to perhaps test that black downward trendline.
Time is running low on the triangle, so we should know soon.
The indicators do suggest soybeans could bounce from here.
The stochastic has not topped out yet.
The MACD flipped bullish again.
The MACD has predicted the past 2 bounces/rallies.
Both on Aug 21st and Nov 4th (circled in purple)
March Wheat 🌾
We rejected this channel once again.
If we can bust through the channel it would look nice and open the door to test $5.84
To be confident a bottom is in I need a close over $5.84
If this level does not hold, there is still the risk we test that long term support.
The indicators suggest a possible bounce here.
The stochastic still has some room to go, but is higher than both corn & beans.
But the MACD flipped bullish for the first time since that big Aug-Oct rally from $5.45 to $6.40 (circled in purple)
Similar story in KC.
Would like to break this channel.
Need to hold this level or we go test that long term support.
Need to close above $5.89 or so to call a bottom.
Past Sell or Protection Signals
We recently incorporated these. Here are our past signals.
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
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Check Out Past Updates
12/5/24
OPTIMISTIC BOUNCE IN GRAINS
12/4/24
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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