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| Dec Corn:
We took out those April lows..
Next stop the Feb lows of $4.46?
Major USDA stocks & acres report in a week.
Has the ability to completely flip the sentiment from bearish to bullish, or of course make things far worse..
+$5.00 corn vs sub $4.00 corn.
Get comfortable with either scenario. Both are possible.
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Wheat:
Lower 16 of past 18 days. Now given back nearly the entire $1.50 rally ($7.00 -> $5.60).
Next stop might be the $5.50 April lows..?
Think we start to find a bottom once most of the harvest pressure is out of the way. Until then we could struggle to put together a rally unless we get an unforeseen headline out of Russia.
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Nov Beans:
Fighting for their life trying to hold this level here.
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For those interested. In todays audio we go over how to get comfortable riding this storm with knowing next weeks report could flip sentiment from bearish to bullish fast, or completely tank corn and beans farther. Can listen here: https://txt.so/A6tq44
(All Charts Below)
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Attachments
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 Screen Shot 2024-06-21 at 6.11.26 PM (full).jpg (78KB - 67 downloads)
Screen Shot 2024-06-21 at 6.13.14 PM (full).jpg (68KB - 69 downloads)
Screen Shot 2024-06-21 at 6.09.23 PM (full).jpg (68KB - 67 downloads)
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Charts: New lows in corn & wheat. Beans fighting for their life
