USDA TOMORROW
AUDIO COMMENTARY
USDA report tomorrow
Demand has been stout for corn
Talk they could bump demand for corn
Don’t see them cutting demand
Small chance for bullish demand surprise but they will probably kick the can down the road
After this report we will go back to headlines
Upside will be led by demand in corn
Corn spreads firming is hopeful sign
Utilizing spreads in marketing
Corn flirting with breakout (chart below)*
Wheat trying to break out of channel (chart below)*
Beans still need to hold the lows
Jan USDA report will probably be more violent than this one
Listen to today’s audio below
USDA NUMBERS
CHARTS
March Corn 🌽
Looks reallly good here.
Potentially a breakout of this symmetrical triangle. However, to be certain I would like us to break that purple downward trendline.
As long as the USDA doesn’t throw us something bearish, I think we should at the bare minimum be able to test the 200-day MA. Which is my first target to take off risk.
If the USDA does throw us something bearish, the next support would be the bottom of the triangle.
Jan Beans 🌱
Nothing new here for beans.
It’s really sink or swim time.
We have held those lows for months now, which indicates it is very solid support.
But if those lows give out, we could get a nasty move below $9.00
To negate the bearish scenario,we need to bust out of that green downward trendline.
This triangle is getting awfully tight, so a decision should be made soon..
March Wheat 🌾
We are once again trying to bust out of this channel.
If we do so, it would feel very optimistic.
We likely go test the $5.85 area if we do so.
To claim the bottom is in, still need to close above $5.85
Still need to hold these lows or we could go a lot lower.
March KC Wheat 🌾
Same story as Chicago, except we are closer to breaking out here than in Chicago.
Optimistically cautious.
Past Sell or Protection Signals
We recently incorporated these. Here are our past signals.
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
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Check Out Past Updates
12/6/24
CORN TRYING TO BREAKOUT. MAKING MARKETING DECISIONS
12/5/24
OPTIMISTIC BOUNCE IN GRAINS
12/4/24
WHEAT UNDERVALUED? MOST RISK IN BEANS. HAVE A GAME PLAN
12/3/24
BEANS HOLDING DESPITE LACK OF BULLISH STORY
12/2/24
TRUMP & BRAZIL HURDLES
11/27/24
CORN SPREADS, CRUCIAL SPOT FOR BEANS, SEASONALITY SAYS BUY
11/26/24
TARIFF TALK PRESSURE
11/25/24
HOLIDAY TRADE, SEASONALS, TARGETS & DOWNSIDE RISKS
11/22/24
CORN TARGETS & CHINA CONCERNS
11/21/24
BEANS NEAR LOWS. CORN NEAR HIGHS. 2025 SALE THOUGHTS
11/19/24
WHAT’S NEXT FOR GRAINS
11/18/24
WHEAT LEADS THE GRAINS REBOUND
11/15/24
BIG BOUNCE, FUNDS LONG CORN, DOLLAR & DEMAND
11/14/24
3RD DAY OF GRAINS FALL OUT
11/13/24
GRAINS CONTINUE WEAKNESS & DOLLAR CONTINUES RALLY
11/12/24
ANOTHER POOR PERFORMANCE IN GRAINS
11/11/24
POOR ACTION IN GRAINS POST FRIENDLY USDA
11/8/24
USDA FRIENDLY BUT GRAINS WELL OFF HIGHS
11/6/24
GRAINS STORM BACK POST TRADE WAR FEAR
11/5/24
ALL ABOUT THE ELECTION & VIDEO CHART UDPATE
11/4/24
ELECTION TOMORROW
11/1/24
GRAINS WAITING ON NEWS
10/31/24
ELECTION & USDA NEXT WEEK
10/30/24
SEASONALS, CORN DEMAND, BRAZIL REAL & MORE
10/29/24
WHAT’S NEXT AFTER HARVEST?
10/25/24
POOR PRICE ACTION & SPREADS WEAKEN
10/24/24
BIG BUYERS WANT CORN?
10/23/24
6TH STRAIGHT DAY OF CORN SALES
10/22/24
STRONG DEMAND & TECHNICAL BUYING FOR GRAINS
10/21/24
SPREADS, BASIS CONTRACTS, STRONG CORN, BIG SALES
10/18/24
BEANS & WHEAT HAMMERED
10/17/24
OPTIMISTIC PRICE ACTION IN GRAINS
10/16/24
BEANS CONTINUE DOWNFALL. CORN & WHEAT FIND SUPPORT
10/15/24
MORE PAIN FOR GRAINS
10/14/24
GRAINS SMACKED. BEANS BREAK $10.00
10/10/24
USDA TOMORROW
10/9/24
MARKETING STYLES, USDA RISK, & FEED NEEDS
10/8/24
BEANS FALL APART
10/7/24
FLOORS, RISKS, & POTENTIAL UPSIDE
10/4/24
HEDGE PRESSURE
10/3/24
GRAINS TAKE A STEP BACK
10/2/24
CORN & WHEAT CONTINUE RUN
10/1/24
CORN & WHEAT POST MULTI-MONTH HIGHS
9/30/24