AUDIO COMMENTARY & BUY SIGNAL

Grains hammered 7th day in a row
Old crop continues to lose premium vs new
Tariffs on for tomorrow
Think tomorrow could be the lows
Who this buy signal is for
Why are we issuing a buy signal?
Who is left to sell?
Full breakdown of buy signal
Buy when the sky is falling. Not when everyone thinks we are going to go higher
Why we could get more opportunities
This is a great example of why we preached old crop puts to protect new crop
May to Dec spread went from +40 to +5
Don’t think it’s likely we made new crop highs
Charts on why I think this could be the bottom & buy signal details below*

Listen to today’s audio here

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BUY SIGNAL DETAILS & CHARTS

I think this could potentially be the bottom after this brutal sell off following our sell signal on Feb 18th.

With this I am issuing a rare buy signal.

Who is this signal for?

If you are someone who made sales on our sell signal or at the higher end of the recent range then you can look at re-ownership. ONLY look to re-own if you made sales above where we currently are.

(Of course this is not for everyone. There is nothing wrong with just being done with a sale. But if you are someone who wants to play the speculative game then I like this spot)

If you did NOT make sales above this level, do NOT chase.

Some of you can start to consider courage calls as well.

Give us a call if you’d like to talk strategy or would like to open a hedge account. (605)295-3100

For you feed guys, I would look at covering feed needs for the next 2-3 months.

Why do I think this is the bottom?

First May Corn 🌽

We have finally filled that massive air gap I’ve been talking about for several weeks.

Sitting right at the 61.8% retracement of this entire rally (known as the golden level & most common retracement).

This level also just happens to be that big resistance area before we broke out to the upside. Old resistance turns into new support. (red circles)