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Senior Contributor
425Cat
Posts: 1,400
Registered: ‎05-14-2010
0

cx 1

Not a pretty site today
Advisor
c-x-1
Posts: 3,070
Registered: ‎06-26-2012
0

Re: cx 1

[ Edited ]

maybe a good buying opportunity in C/B.

 

The meal - beans spread strengthened on meal low.

Frequent Contributor
capinegro3901115
Posts: 71
Registered: ‎08-29-2013
0

Re: cx 1

New low close for dec corn. IMHO daily support 428.50-427, Weekly support 424-422 and Monthly 428.50 and 415.50

 

I also have heard from clients in Northeast Iowa finding it hard to find LP. A lot of corn driers working over time.

 

Advisor
c-x-1
Posts: 3,070
Registered: ‎06-26-2012
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Re: cx 1

if one draws a trendline from Dec 2005 low in Corn (monthly) across 2009 low, we are within a few ticks of that line on today's low.

 

very interesting....we shall see...........

Advisor
giolucas
Posts: 1,087
Registered: ‎06-25-2010
0

Re: cx 1

[ Edited ]

Downtrend in Soybeans......how long can we go?  Looking for a bounce tonight. Support at 1260.

Frequent Contributor
capinegro3901115
Posts: 71
Registered: ‎08-29-2013
0

Re: cx 1

IMHO Jan beans have support 1256.50-1251.50. Close under 1251 we could see a wash to 1222. Rallies we could see res. at 1283.50 and the 20day moving avg of 1285.50. The 4 week avg is 1289.25