10-09-22

Full Moon

Weds. 12th USDA Supply and Demand Report

Friday Last Trading day for
Oct. Hogs
Oct. Soybean Oil and Meal

The Miss.River situation is not getting better.
Just add another problem for grain exports
(US Dollar)

Dec. Corn
4 week avg 680.50
Half of last week’s range 681.50
Report Weds. there could be some buy stops above the High. So that would make my res: number 704-706
Support 665.50 then 660 and 649.50

March corn
4 week avg 685
Half of last week’s range 688.50
If buy stops above 702 then mho res: is 705-707.50
Support 685.50 then 679 and 665.50

Corn has been supported by Crude Oil
BUT
Weekly Crude Oil
13 weekly avg 8963
26 weekly avg 100.10
52 week 93.50
We touched the 52 week avg.

Nov Beans
4 week avg 1429.50
Half of last week’s range 1372.50
Gap is still open at 1349.25
Support imho
1358.25
1341.25
1339.25 IS UNCHANGED FRONT MONTH BEANS FOR THE YEAR
Close lower for the year we could see 1311-1309

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Be Safe
Scott Capinegro
800-942-1513
Branch Office HighGround Trading