SOLID PRICE ACTION DESPITE OUTSIDE FEAR
AUDIO COMMENTARY
Absolute wild day for outside markets
Decent price action in grains
Corn continues to show strength
Inverted hammer in beans (chart below)*
Many countries want to negotiate
Trump vs China
Corn showing fundamental hand
Every market aside from corn has been smoked
If you have time vs do not in grain marketing
We still have an entire growing season
These markets have immense upside potential despite the obvious risks
Could tariffs improve overall demand?
Being very patient in marketing if you can
Opportunities no one sees coming
Direction we are going doesn’t seem like it will hurt demand
If you are going to struggle to make sales if we rally
Don’t puke out and follow the herd
What will you do if beans lose another $1-2?
Corn chart looks pretty solid (chart below)*
Wheat bouncing where needed (chart below)*
Listen to today’s audio below
Want to talk? (605)295-3100
CHARTS
May Corn 🌽
Corn continues to display strength.
We now took out that new downtrend, good sign.
To get confirmation we are starting a new uptrend we want to close above the 100-day MA.
Next upside objective still $4.80.
This is a heavy area of a support, hence why I thought this range would hold and still think that.
Still have the double bottom which is a bullish pattern.
Dec Corn 🌽
Next upside objective is $4.60
May Beans 🌱
Chart doesn’t look super pretty, but from a textbook standpoint the inverse H&S pattern is still in tact.
This pattern becomes invalid if we break below the head.
Need to hold contract lows, or we are simply catching a falling knife.
Whatever Trump and China do will outweigh the charts. Fundamentals tell the story, charts lay out the out the path.
A better view of the H&S.
Red line is recent lows.
Blue line is contract lows.
Nov Beans 🌱
Same chart in May beans, however today we did print a bullish inverted hammer (scroll to view next chart)
This is often a reversal pattern that happens in a downtrend.
Yes. It is friendly despite closing well off the highs.
It suggests buyers are stepping in, and despite sellers being able to push us back down, the long wick shows that buyers tried to push us higher and attempt a reversal.
This is also our first sign of life after a nasty sell off.
Need some follow through for confirmation however, as that is key.
Continuous Chicago 🌾
Bouncing right where we have for over +1 year.
Think we continue to do so, as it is a must hold level pretty much and I do not think a move far below this box would be justified.
May Chicago 🌾
Bouncing right at the bottom of the channel like we need to.
Upside objective is still the top of the channel.
May KC 🌾
Bouncing right where we need to in this +7 month support box.
Next upside objective is the recent highs. If we break that, it opens the door much higher.
At the same time, a break below this support box triggers a leg lower.
I think we hold. But anything in between this range is simply noise.
A break out of this range gives us our next move.
Past Sell or Protection Signals
We recently incorporated these. Here are our past signals.
March 19th: 🐮
Cattle hedge & sell signal.
Feb 18th: 🌽 🌾
Old crop KC wheat & old crop corn signal.
Jan 23rd: 🌽 🌱
Corn & beans old crop sell signal.
CLICK HERE TO VIEW
Jan 15th: 🌽 🌱
Corn & beans hedge alert/sell signal.
Jan 2nd: 🐮
Cattle hedge alert at new all-time highs & target.
Dec 11th: 🌽
Corn sell signal at $4.51 200-day MA
CLICK HERE TO VIEW
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
Want to Talk?
Our phones are open 24/7 for you guys if you ever need anything or want to discuss your operation.
Hedge Account
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