Tuesday 15th NOPA Crush

AgRural Brz Beans 128.5 (est)
Conab Brz Beans 125.47   Corn 112.34
USDA Brz Beans 134 and Corn 114

One can see the trade didn’t care about the USDA Bean #.
(Too High)

Est today crop ins.
Corn 580.50
Beans 1411.50
Corn/Bean ratio (new Crop) 2.427

April Cattle and June Hogs did go to my objectives.
(see archives)
June Hogs do have a gap at 102.07-101.95

Corn Gaps
March Corn  623.25       May Corn  623.75
July Corn  619.75          Dec Corn 574.25

Watching these #’s for Dec.2022
Dec. 2021
Month of Dec. High 592 and Low 567
Day the contract expired 591 High/ Low 576.75 Off 588.75
(576.75 then 574.25 and the 20 day ma 572.50)

March Beans Jan Low to the High rally (1633)
38.2% = 1521.75  50% = 1487.50  61.8% = 1453.25
Nov. Beans
38.2% =1394.75  50% = 1371.75  61.8% = 1348.77

4 Week avgs.
March Corn 625.50  May Corn 625.25  July Corn 620.75 Dec. Corn 576.75
March Wheat  785.75
March Beans 1491.50 May Beans 1497 July Beans 1497.50 Nov. Beans 1372.75

What I think is the BIG market movers now still
1) Ukraine/Russia
2) Logistics/supply chain problems
3) US dollar/Brazil Real
4) Canadian trucker blockade
Is It possible our truckers slow down for support to the Canadians???

Again imho move old crop corn and beans. Save 15%-20% as your gamble stocks. If anything buy puts to take some risk off. The market offers its tools to be used. Don’t get caught naked IF the “Black Swan” appears.

Call me with questions each producers operation is different.

Be Safe
Scott Capinegro
http://www.barringtoncommodities.com
Branch office of HighGround Trading