weekend grain comments 8-14-16 *LINK*

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8-14-16

Bear USDA numbers , so far a dead cat bounce but closed lower for the week.
FSA acres for both corn and beans could indicate even more corn and bean
acres were planted.
Weather this week cooler and still wet Eastern Corn belt.
Too much rain???
Will we soon trade supply vs. demand
Pro Farmer Tour next

Tech numbers
Dec corn
Support: 330-329 and then 324-320.50
Res: 336-339 and then 344-346
parabolic is 347.50

Pending the Dollar and Crude oil I would like to trade the long
side but not get married to it this week. Follow imho the range.

Nov Beans
Support: 977,50-972 and then 964-958.50 (200) dma. 939
937 and 922.25
Res: 989 and then 996-999 and 1008-1011.50
parabolic is 997.75

Be Safe

http://barringtoncommodities.com

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weekend grain comments 8-14-16 *LINK*

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