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| Dec Corn:
We took out that first $4.12 resistance and have continued to hold $4.03 which is key support.
We have yet to break out of the trading range from the WASDE report highs of $4.16
If we can take out those WASDE highs of $4.16, the next spot looks like $4.26
A break above $4.26 would be a very good indicator that perhaps the bottom is in
Today was a feel good day, but $4.03 still needs to hold and $4.26 still needs to be broken for confirmation of direction. Until then we are stuck in a 20 cent range
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Nov Beans:
Huge day. Biggest daily gain since July 2023
Very positive sign today. However, I would still like to see us break $10.98 to get confident saying the bottom is in
 (ZCZ2024_2024-07-22_14-29-02 (full).jpeg)
 (ZSX2024_2024-07-22_14-20-37 (full).jpeg)
Attachments
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 ZCZ2024_2024-07-22_14-29-02 (full).jpeg (70KB - 74 downloads)
ZSX2024_2024-07-22_14-20-37 (full).jpeg (69KB - 67 downloads)
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Corn & bean charts. Nov beans biggest day since July 2023
