Grain Comments

Sunday, November 28, 2021

New Covid "Variant" Unknown Time will tell Weekly Corn Avg 26 week 562.75 52 week 558.25 Monthly Avg. 3 month 565.50 6 month 562.75 12 month 570.75 So support 570.75-558.25 This is using March Corn now on DTN Charts MHO  Corn is over priced with Friday's rally Was it...

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Monday, November 22, 2021

Happy Thanksgivng All Thursday 25th its Turkey day (markets closed) Friday 26th Grains open at 8:30 am cdt Friday also is the Last Trading  Day for Dec. Options Some thing to think about down the road Winter Olympics Feb. 4 2022-Feb. 20th 2022 BOYCOTT possible Why 1)...

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Sunday, November 14, 2021

Monday 15th NOPA Crush # (Beans) also Biden and XI will hold a zoom meeting at 7 pm cdt. That would be 8 pm eastern time. Joe please take your nap before the meeting Friday 19th Cattle On Feed Surprisingly a good week for grains. Maybe the Bears are going into...

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Monday, Nov. 8, 2021

Tues. 9th USDA Crop Production report Fri. 12th Last Trading Day Nov. Beans US Dollar (new High for the yr.) Funds added to there long length in Corn China booking Brazil soybeans for Dec. Brazil and the fast pace of planting could have some early harvested beans...

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Monday, Nov. 1st, 2021

Nov. 2nd Governors race in Virginia IF Youngkin (R) wins watching if any reaction this week in markets. Harvest / US Weather this week looks cool and favorable S.A. weather not threatening seeding US Harvested progress last week Corn 66% vs. LY 70% Beans 73% vs. LY...

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Monday, October 25, 2021

Cattle on Feed Report on feed 99%        est 99% place 97%            101.5% market 97%            97.5% Looks like this week cool and wet Harvest delays Look at Monthly High and Lows Dec. Corn 547.50            Mar. Corn 555.75                  506.75               ...

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Monday, Oct. 18th, 2021

Friday the 22nd Cattle on Feed and Last Trading Day Nov. options Another  USDA report out of the way. Trend is crops getting bigger. Carry out growing. Both negative.  BUT Could we have seen harvest lows last week. Possible and time will tell. Looks like a nice week...

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Sunday, October 10th, 2021

Tuesday the 12th USDA Report Friday 15th NOPA Crush Refer back to last weeks comments and #'s Keep your eye on basis still strong last week Oats keep going For those who did make some hedge sales in new crop Corn (Dec. 22 ) seems most were sold at 536.50 keep a mental...

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Sunday, October 3, 2021

USDA Report nothing to say here. Look at longer chart numbers Corn Weekly there is a gap at 626-629.50 13 week avg = 540.74 and 52 week = 535.50 Weekly close above 554.75 one could target 608 Monthly 12 month avg = 554.75 and 3 month = 537.50 Support 525 and IF we...

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Sunday, Sept, 26th, 2021

Thursday 30th USDA Grain Stocks and Small Grains Summary This will be a BIG week for the grains actions. Oat/Corn Spread 2014 was the record 53 cent spread BEAR                                            BULL SA planting                                    SA rains...

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Good Luck and Good Trades

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