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TFC Commodity Trading Forum

weekend grain comments 9-25-16 *LINK*

Warning Warning
Please be seated when reading this page

I am backing off somewhat of my bear outlook.

84 yr. cycle due was Sept. 6th. Last time this happened was in 1932 in the
first week of Sept.
Now we can see this week into next week sideways to lower. But Oct. does
give us a rally. A 3rd bottom could be late Dec. into January.

What range can we see imho dec. corn? Still can see support numbers at
330.50, 322.50, 318, 312, and 301. My yearly range bottom was 304-294.
Closes under 330.50 could lead us to the lower support numbers.

On the up side: 345-346.50, 354.75-357.50, 364.50-367

Still corn and beans are going to be a big crop. Still old crop corn on the ground.
Many pieces to price targets up and down.

Coming into this weeks trade, still short but IF we can get down near 325-322 will start to take
profits.

Nov. beans hold the parabolic number at 949.25. Thru there support comes in at
935-933, 929-924, 915-911
Res: 963.75, 971.50, 980.25

SA starting to plant.
US weather cool this week and a lot drier
Sept 30th Grain Stock USDA report

BE Safe