Jason

Give it to me corn

@JasonBlueLine Seasonal guy again! EU wheat crop is burning up. US wheat crop doesn’t look too good either.

Wheat markets in trouble if they break the neck line...Seasonals pointing down from here. Past performance of course not indicative of future results!

I'm looking at out of money calls and puts in soybeans...market could go visit either one of those trendlines and I'm not sure which one.

Dec corn probably maintains a downtrend unless weather or USDA change things. Still some room to pop within the downtrend back to $4.70 area.

Dec corn won't spend much time below $4.50

Minding the gap on the corn continuation chart between $4.05 and $4.09.

Brooke is on it

Screwworm is back in the US after 60 years - is a real Market Shift in the works or is it just a viral headline? @OJRenick shared Blue Line's take➡️➡️➡️

If corn can separate from wheat, we probably get a 10-20 cent recovery. Didn't have July corn challenging contract lows on my bingo card.

Key upside reversal for July Hogs. Is it another selling opportunity within the downtrend? Seasonals suggest hogs could finally get going here. Past performance is not indicative of future results!

Upper Midwest needs this rain to hit this weekend

If Crude Oil spike can't get the fire going under corn, what's left? Still looking at the long side from here with a lot of premium sucked out of the market recently.

The corn market has needed a headline or crude oil to rally. Nice to see that it could hold gains today without help from oil. When does China start spending the $17 billion?

Nov beans haven't wanted to fall much farther than 20-day moving avg. Grain markets all feel like they need Middle East tensions to flare up again to move higher.

If the latest $30 puke off the highs in feeder cattle has you down, do what I do and pull up a continuous chart to feel a little better about the situation.

Grain markets have this 5 am rip in Crude Oil to thank for coming off their overnight lows.

20-day moving average has been an absolute magnet for Nov beans. Currently sits at $11.87 (light blue line on my chart). Looks like market will fade the China demand story.

$4.80 to $4.85 has been a big area for July corn. Watch closely if you still have a lot of old crop corn to sell. I'd rather sell the physical and re-own when market pulls back.