AUDIO COMMENTARY

Main news was Columbia tariff news
Trump solved Columbia issue
Brazil has very slow harvest
Still talk about drought in US this summer
This volatility isn’t going away
We had sell signals last week
We talked about this pullback happening
Do not chase to re-own sales that were lower
Spreads didn’t get beat up today
Mexico still buying corn
Think farmers could be more sold than normal
Lower interest rates would be good for grains
Have cost of production locked in if selling new crop
Seasonally start seeing Brazil pressure
If you have to move something soon
Don’t think we will have another sell signal for a little while
Charts & golden zones below*

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CHARTS

March Corn 🌽

If this correction continues, I’d like to see us hold the golden zone green box (50-61.8% retracements of the rally from $4.50

That would be a logical area for this correction to go to.

Although, from a technical standpoint we could fall all the way to $4.50 and still be completely fine. That blue line at $4.50 would be my line in the sand.

I showed this chart late last week.

Corn was the most overbought it had been since May 2024.

A big reason why I thought we were likely to get a correction.

March Soybeans 🌱

Green box is where we want to bounce.

If that box fails, we likely go test the big red line support at $9.89

The red line is the last line of defense.

March Wheat 🌾

Still think we are in a bullish set up, however we need to hold that support level of $5.29

Here is a look at continuous wheat.

Would like to think this eventually breaks out.

We have bounced off that green support box an insane amount of times.

KC Wheat 🌾

Just like Chicago II think we eventually break out of this range. Need to bust the blue line for confirmation.

Still just need to continue to hold that green support box.

Generic Cash Sales Tracker

Due to requests here is our generic cash sales trackers.

This does not include any hedge recommendations etc. Simply cash.

This is futures prices.

For old crop there is no percentages as we only recently started tracking our generic sell signals. Future new crop sales will have percentages as we continue to make sales.

This will be included at the bottom of every update.