This is Sat the 20th and in 24 hrs. news, weather, can change but my comments are for now what I see.
Monday 22nd Cold Storage
Monday 22-25th Pro Farmers Tour
Friday 26th Last Trading Aug. Options
Movers:
China Weather
SA Weather
Ukraine/Russia Shipments
Geo-Political
This weeks Tour
Cattle On Feed
Actual Est.
Feed 101% 101%
Placed 99% 102%
Market 97% 96%
Tx. KS Drought moving cattle
Wts. are down also cuz of feed cost also
For the month so far
Dec. corn
High 642.75 and Low 587.50
50% is 615.25
IMHO if we take out last weeks low 604
Support 595-593 and 581.50
Gaps are still open Higher and Lower
Nov. Beans
High 1464.75 and Low 1356
50% is 1410.50
4 week avg
Dec. corn 605.50
Nov Beans 1401.75
I will continue calling and if I don’t get ya I am leaving my 800 #. So please call if need be so we can have a conversation.
Follow me on twitter also
Be Safe
Scott Capinegro
800-942-1513
Branch of HighGround Trading
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