China BIG buyer of new crop corn
Argo Consult est of Brazil Corn crop
91.1 mmt a cut of 15% and they also cut exports to
26 mmt. down 9 mmt.
June hogs had an outside week
MHO res is 115.40-115.75 then 116.65-117.10
Trade for grains is all about rain drops right now. or lack of.
Corn Monthly
3 month avg / 632.50 and mho trend line support is 624.75-623
Beans Monthly
3 month avg / 1499.25 and mho trend line support 1472.50
Weekly
13 week avg 1465.75
Dec Corn from the gap to High
38.2% = 566 50% = 543.75 and 618% = 521.50
5 day ma = 543.50 20 day ma = 571.50 50 day ma = 532.50
Nov Beans
Res: 5 day 1378.75 and 10 day 1398.25
Sup; 1328.50 and 50 day ma 1304.50
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Be Safe
Scott Capinegro
800-942-1513
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