March corn $4.85 target hit
3 reasons why $4.85 was my target
Next new crop & old crop targets for corn & beans
Continuous corn’s first higher high since 2022

I included images below the video for those that prefer to read*

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CHARTS

March Corn 🌽

We hit my $4.85 target I have had for a while.

Scroll to see 3 reasons why this was my target.

Reason #1:

$4.82 was the 161.8% golden fib extension of the entire inital move from the contract lows of $4.03 to that Sep rally highs of $4.51

Reason #2

It is 78.6% of the May highs

We smashed through the 61.8% and 50% retracements

This was the next logical stop

Reason #3

$4.85 was the conservative implied move of this asending triangle breakout I have been talking about for months now.

The aggresive implied move brings us to $4.99

Wanted to include this as well.

We broke the massive downward trend from Oct 2023.

Good win for the bulls.

Continuous Corn 🌽

Front month continuous corn posted it’s first higher high since all the way back in 2022.

Taking out the May highs.

I circled each high. All of them had been lower than the last, expect for this one.

Dec 25 Corn 🌽

We hit the 38.2% retracement to our May highs.

Next targets are $4.64 (50% retracement)

Then $4.72 (61.8% retracement)

Personally think we will eventually trade $4.75 to $5 at some point, but for many of you it makes sense to simply spread out your risk at each target.

March Beans 🌱

Bounced exactly where we needed to in the golden zone (50-61.8% retracements of the recent rally)

Need to continue to hold this green box, if not we likely test the heavy $9.89 support (red line)

Next “possible” upside objective is the black downward trendline.

Nov 25 Beans 🌱

We hit and rejected right off the 38.2% retracement of our May highs.

Next target is $10.82 (the 50% retracement)

Continuous Wheat 🌾

Nothing to update here.

Waiting to see if we can bust the green downward trend we have respected since May.

Need to continue to hold the green support box.

Whichever gives out first will give us our next move.

KC Wheat 🌾

Same story here.

Need to hold green box.

Need to bust red downward trendline.

Past Sell & Protection Signals

We recently incorporated these. Here are our past signals.

Jan 15th: 🌽 🌱

Corn & beans hedge alert/sell signal.

CLICK HERE TO VIEW

Jan 2nd: 🐮

Cattle hedge alert at new all-time highs & target.

CLICK HERE TO VIEW

Dec 11: 🌽

Corn sell signal at $4.51 200-day MA

CLICK HERE TO VIEW

Oct 2nd: 🌾

Wheat sell signal at $6.12 target

CLICK HERE TO VIEW

Sep 30th: 🌽

Corn protection signal at $4.23-26

CLICK HERE TO VIEW

Sep 27th: 🌱

Soybean sell & protection signal at $10.65

CLICK HERE TO VIEW

Sep 13th: 🌾

Wheat sell signal at $5.98

CLICK HERE TO VIEW

May 22nd: 🌾

Wheat sell signal when wheat traded +$7.00

CLICK HERE TO VIEW

Want to Talk?

Our phones are open 24/7 for you guys if you ever need anything or want to discuss your operation.

(605) 295-3100

sfrost@dailymarketminute.com

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Check Out Past Updates

1/16/25

VIDEO CHART UPDATE

CHARTS

Past Sell & Protection Signals

Want to Talk?

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Check Out Past Updates

HUGE DAY IN GRAINS. WHAT TO DO WITH OLD CROP VS NEW CROP

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