AUDIO COMMENTARY

Old crop dominates direction here
Trump wants crude oil cheaper
Crude at multi year lows
Corn & crude not unison anymore
Think Canada & Mexico will agree
How this Trump presidency if different than last
The scarier scenario than tariffs
Tariffs could lead to more demand long term if deals get put in place
See the potential for wheat exports
What could happen for us to test the highs
Deflation & crude story is one of biggest risks
Don’t like locking in fuel needs yet. Trump wants cheap prices to get America behind him
Decent action past two days despite tariffs. Sell the rumor buy the fact?
Still think we will see opportunities
China has bought zero corn. What happens if we come to a trade agreement?
If you wanted to re-own the rally, do it now. Don’t wait until we rally again. Don’t chase.
Charts below*

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CHARTS

May Corn 🌽

We are back above the 61.8% retracement of the entire rally. Good sign.

If this truly was the bottom for now, the upside target is the 50-61.8% retracement of this recent sell off.

Those targets are $4.80 to $4.89 (blue box)

The 50% at $4.80 just so happens to that big old support level that was the “must hold” level before we fell apart. So this would coincide with filling the air gap higher.

Dec Corn 🌽

Still hovering around the 61.8% retracement of the entire rally.

If this was the bottom, the upside targets are $4.60 to $4.65 (50-61.8% of the sell off) (targets will change if we put in a new low)

The 50% also happens to be that old must hold support level.

Very similar to May corn.

May Beans 🌱

Sitting right around the 61.8% retracement of the entire rally.

Getting a good reaction to this heavy support box. Need to hold here or next support is contract lows.

Still have a potential iverse head & shoulders pattern setting up.

Short term target is 50-61.8% of the sell off ($10.42 to $10.54)

Nov Beans 🌱

Very similar to May beans.

Above the 61.8% of the entire rally. Need to hold here.

May KC 🌾

Getting a good reaction to this support box.

Need to hold here or we will be trying to catch a falling knife.

Do not currently have my next target as we need to find a bottom first.

Continuous Chicago 🌾

Big support beneath us.

We have held it for over a year.

Would like to think we continue to do so.

May Wheat 🌾

Not much to update, finding support in this box.

Would like to see us continue to do so.

Do not currently have my next target.

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.