Election around the corner…VOTE
Beans 83% harvested last week. We should be in the almost/done category.
Corn was 72%. We could be at 78-81% category.
Weather this week looks wide open and warm.
Grains took a hit from micro factors starting overseas. Also end of the month and end of the fall ins. #.
Funds also taking some risk off.
Corn for the week did throw a weekly reversal on the charts.
Weekly support is 378.50 364.75 and 351.50
Monthly Corn res: at 406.25 and support at 388.25 and 370.25
Watch moving averages also on the down side as support too.
3 factors now for grains are China demand. Weather, and US Dollar.
Seasonal Nov. is a month for the bears and Dec. for the bulls.
This is a nice technical break for Corn Wheat and Beans.
Again watch the moving avgs. as support numbers.
Looking for re ownership for some corn go out to the July contract.
Call for more info or questions 800-942-1513
Be Safe
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