Grains Report
14 March 2022
Weekly Corn Continuous Close
The market feels as though it is starting to calm down a little, but volatility is here to stay for a while yet.
I am looking for this chart to pullback to around the $6.70 level in the coming weeks.
This is in no way a bear market, but rather a correction in a greater bull market.
240 Min May22 Corn Candle Chart Close
The 240 min chart also appears to be corrective and has downside targets of between $7.16 -$6.90.
I would be very wary of all these markets as a peace deal even if only a short deal, will lead to a sentiment change of epic proportion.
Weekly WM Continuous Close
I can’t find a reason to be short this chart with only the top of the channel providing some resistance.
I have no strong views other than to urge producers to price as anything can happen.
Weekly YM Continuous Close
At ATH’s I cannot find a reason to sell this chart at all or pick tops.
I have no strong views other than to urge producers to price as anything can happen.
Weekly KC Wheat Continuous Close
Wheat has been the wildest of rides and the market now appears to be well into its corrective phase.
Stay out until further notice.
Weekly Chicago SRW Wheat Continuous
Wheat has been the wildest of rides and the market now appears to be well into its corrective phase.
Stay out until further notice.
Daily Close KC Wheat v Chicago SRW Continuous Close
We made great money on our short and congratulations to all who did!
This chart is now as ugly as sin I will be staying out for some time yet.
Weekly SAF Wheat Continuous Close
Much like its US counter part, SAF wheat is in a corrective phase.
I will be patiently watching to see how this plays out over the next few weeks before looking to get in.
Daily Matif Wheat Continuous Close
Congratulations to all those that were long!!!
The trade however was more luck than skill.
Based on the current formation the chart seems to have another leg higher.