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vinceirlbeck
Frequent Visitor

Time due in grains

After reading my calendar I noticed we have a Gann death zone due Tuesday.  We seem to have been eating time and momentum in the grain during a sideways trading pattern.  

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9 Replies
Hobbyfarmer
Honored Advisor

Re: Time due in grains

Who's dying? 

Gann

Tonight's run up

Maybe this is "the perfect storm"?

Maybe like "all signs for rain fail in dry weather?

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BA Deere
Honored Advisor

Re: Time due in grains

Smiley Very Happy   well I`m not saying anything, sure  I point out the green, it`ll be red by morning.  Then it`ll be green, then red. I just hope the highs come in October/November   Smiley Happy

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timetippingpt
Honored Advisor

Re: Time due in grains

I'll support Vince on this one, only I'd give it next Tuesday/Wednesday to burn off the commercials shorts getting squeezed by the big specs going in to March contract expiration. Of course, beans might $2 higher by then, or not, all the red flags are flying.

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Hobbyfarmer
Honored Advisor

Re: Time due in grains

Watch basis

Just gained a nickel on bean basis this morning at the ADM crush in Des Moines.

I don't think they did that as a benevolent gesture.

5 months till early harvest.

Free stocks are getting hard to come by?

 

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vinceirlbeck
Frequent Visitor

Re: Time due in grains

How is it going Ken?  You don’t seem to have a huge electronic footprint lately.

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swmnfarmer2878522
Frequent Contributor

Re: Time due in grains

Looking at the charts, corn is stopped by the trigger line

A3293961-68A6-4932-A628-0F7777961E83.png

 

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swmnfarmer2878522
Frequent Contributor

Re: Time due in grains

Seems we are at highs, if it contains itself we drop, break through we rally

4AB8FD19-CC4B-4CE5-B934-1E73F77442B8.png

 

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swmnfarmer2878522
Frequent Contributor

Re: Time due in grains

The time arch in both corn and beans come into play Friday/Monday.  I have seen it swing 4 days before and 4 days after.

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Hobbyfarmer
Honored Advisor

Re: Time due in grains

Wasde report tomorrow @11:00 ccentral time.

Corn could be slightly negative to prices.

Brazil not getting corn planted timely at all and some that is, is in waterlogged conditions. Not a recipe for rebuildimg stocks.

Beans are guesstimated at 117 million carry over. Very optimistic,

Usda may print something around 115ish. Will never in next 2 years admit to anything under 100 million for the '20 crop.

Anything under 115 should be  positive.

Happy marketing...

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