UGLY DAY FOR WHEAT & BEANS, STILL RISK, CROP TOURS, CAPTURING CARRY

Written By Sebastian Frost

AUDIO COMMENTARY

  • Dangerously close to making new lows

  • Ugly day for wheat, new lows

  • Seasonally wheat makes lows soon

  • Most wheat news is old news

  • Bean chart looks like it wants lower

  • Tour pretty negative as expected

  • Few things line up for potential lows soon

  • $4 wheat & $8 bean talk

  • Very real downside risk still

  • Riding out the storm

  • Funds, demand, & supply

  • Could have record crop, but by how much?

  • We are pricing in huge crops. What happens if we even slightly disappoint?

  • If have to move off combine, do something with the basis

  • Spreads firmed for first time in a while

  • Checklist to watch for bottoms

  • Elevators won’t do favors on DP

  • Capture carry in bear markets

Listen to today’s audio below

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