wheat carving out a traingle- e wave finishing up at 594=96wheat carving out the e wave of a terminating triangle .... lets see how play out as a low risk short is in play with a target of 5
🌽Corn got nuked, what now? 🚢📌 Note, First notice day for December futures is November 30th, if you want ZERO risk of delivery, you will have to liquidate or roll your December futures position by the close on November 29th.
Fundamental Data👇
🌽Corn Marketing Year Progress (23/24)
▓▓▓▓░░░░░░░░░░░ 24.06%
Corn Harvest Prog
Long Oats/Short WheatNot everyone is going to understand that Oats are a really inefficient market and that's okay. The cattle herds are huge, and they're going to be eating Oats. Oats are the superior feed, and cattle ranchers are pretty rich right now from years of high prices, and will probably want to go for the pre
Sell Dec. wheat at 5.45 stopsell Dec. wheat at 5.45 stop
**Trading commodity futures and options involves substantial risk of loss.
The recommendations contained in this letter is of opinion only and
does not guarantee any profits. These are risky markets and only
risk capital should be used. Past performance is not indicativ
Soybean Update 🌱Fundamental Data👇
🌱Soybean Marketing Year Progress (23/24)
▓▓▓▓░░░░░░░░░░░ 23.76%
Export Inspections 🚢➡️🌎
1,609,413 Metric Tons
⬇️ 330,666 Metric Tons week vs. last week
⬇️ 420,260 Metric Tons this week vs. last week
⬇️ 319,437 Metric Tons this week vs. 5-Year Average This Week
Export Sale
24NOV24 FCPOG4 BULLISH BIASKey level to watch is 3976.
If buyers push the price aggressively to this level, consider going long.
23NOV23 FCPOG4 BULLISH BIASBy analyzing the daily chart, the current trend appears to be consolidation, and the price seems to favor staying at the edge of consolidation. The key level to watch is 3912. If the price significantly rejects this level, consider going long.
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