EDUCATIONAL AUDIO

(Sorry for no normal update today as we are traveling for a funeral. We will have a normal update sent in the morning)*

Re-ownership vs courage calls
What is the difference?
When & why should you use each of them
Explaining different scenarios
How each of these work in marketing
What NOT to do
How to utilize an inverse or carry
Those who have hard time pulling the trigger to make sales on weather scares
Beans hold must hold support (Chart below)*
Corn bounces right at 200-day MA (Chart below)*

Listen to today’s audio below

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CHARTS

May Corn 🌽

Perfectly held the 61.8% retracement of the entire rally.

No concerns as long as corn holds the big red box. That is the must hold level.

It is 61.8% of the entire rally and also old key resistance (circled in red). We found resistance there 3 straight months in a row. It is now support.

To the upside, the next objective is $4.80

That is the 50% retracement of this sell off.

It is also that old key support (marked need to hold). We broke that support, so it is now resistantance.

If we can hold above that level, then the funds and algos probably step back in. But until then, it is resistance.

(We also bounced right at the 200-day MA. Scroll the view that chart)

The 200-day MA was resistance. It kept a lid on corn futures since 2023. (red arrows)

Then when after we broke above it in December, it then turned into support. (green arrows)

So this is a big support level bulls want to hold. We perfectly bounced off of it yesterday.

Finding a bottom at the 200-day MA makes sense.

If we break below, it would cause another leg lower.

Dec Corn 🌽

Finding support right at the 61.8% level of the entire rally. Finding a bottom here would make sense.

This level was also past resistance, now support.

Short term upside target is $4.60

That is 50% of the sell off.

It is also that old resistance where we topped out a few times (reference green box)

May Beans 🌱

Still holding that must hold support (red box).

This has been major support since August.

A break below here and there is no support until the contract lows.

Pretty much 2 things to watch:

1) A break below this support, we get a leg lower.

2) A break above the 100-day MA, means we probably found a bottom and go up to test the 200-day MA.

The 100-day MA has been key resistance several times. So breaking above it, should result in a leg higher.

An example of this would be that Jan rally (green circle). We busted above it, then turned it into support before heading up to that 200-day MA.

Nothing between this key support and the 100-day MA matters.

Nov Beans 🌱

Exact same set up in Nov as May beans. So no need to explain.

Also holding that key support. Need above the 100-day MA to call a bottom.

May Chicago 🌾

Not much to update.

Simply trapped int his channel.

Bouncing right where we should.

Next big resistance is the top of the channel.

May KC 🌾

Bounced right at key support.

Next big resistance is those old highs.

As we are simply trapped in a massive sideways range.

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.