AUDIO COMMENTARY

USDA tomorrow. Nothing major expected
Corn chart turning bullish. Chart below*
Has the farmer sold enough yet?
Will technicals lead us higher?
Sold more corn to Mexico than ever. Demand starting to picking up
China canceled wheat. But why? Does it lead to higher prices later?
How to get comfortable ahead of the report, using your grain marketing conscience
Ways to manage risk going into tomorrow
Who should use floors vs courage calls
Taking advantage of CCC Loans
Being prepared for possible drought
Technical Charts & USDA Supply & Demand Report Estimates Below*

Charts

Corn Charts 🌽

+30 cents off the recent lows. Highest daily gain (+9 1/4 cents) since November. First close above the 20-day MA since December.

We got that break above $4.34 we were looking for to confirm more upside.

If the week ended today, would be the highest weekly gain since October.

Technicals are starting to flip bullish.

More upside looks good. Will the USDA spoil the party? If not, the charts look great.

First upside target is $4.62 which is our 23.6% retracement.

A break above that trendline would be important for bulls.

Soybean Chart 🌱

Flirting with the 20-day MA for the first time in months.

First upside target is $11.98 our 23.6% retracement.

Need some more follow through, but this chart is starting to turn around.

That trendline is a battle for bulls vs bears. Need a break through.

Chicago Chart 🌾

New lows due to the cancellations in China. Wheat is famous for bear traps and bull traps. Don’t think I want to be aggressively short CBOT wheat with the other grain charts looking positive.