Try "On The Money" Free for 30 Days!


What Is Going On With New Crop Soybeans? World stocks of soybeans are at record levels We know that South America's crop declining but still record large Demand is declining, but it is well above last year's level. Chinese have been taking 35-50 percent of our exports this season. We are on track to ship 1.5 B.Bu. Japan and Europe may begin decrease their U.S. treasury portfolio creating domestic inflation. The market reached the historical targets percentage-wise for Feb-Spring Advance You should be no more than 20 percent forward contracted. If the market trades beyond 642 it should move to near 710 or 750-775. The structure shows that prices could stay up another 3-5 weeks. Failure to hold 603, however, means the rally is over and a down swing can be expected.	New Crop Corn Update Corn is following beans higher, but there is no strong underlying support Trader mentality is focused on commodities as a hedge against inflation This will tend support prices even without fundamentals to justify it. December futures broke through resistance at 244 last week and should continue higher. Average advance February-Spring is 13 percent, which projects a target at 256. Optimal selling period during April is the window of the 7th-13th Cycle analysis points to a top occurring around March 29th or April 4th-6th. Whether this will be the high for the growing season remains to be seen. The recovery may not end before June 6th.
Click Here to Receive "On The Money" Free for Two Weeks
Dewey Strickler Ag Watch Market Advisors, LLC. (877) 853-2202	The thoughts expressed and the basic data from which they are drawn are believed to be reliable but cannot be guaranteed. Any opinions expressed are subject to change without notice. This is not a solicitation for the purchase or sale of any commodity. Those acting on this information are responsible for their actions.
Better Information. Better Decisions.