2-14-16
Feb. Crop Ins.
2015
Corn 414.75 Beans 973
2016
Corn 387.75 Beans 885.50
so far
Presidential Election yrs.
1996, 2000, 2004, 2008, 20012
Jan. lows,Feb lows never took out the Jan lows and then we
had a March high, higher than the Jan. and Feb. highs.
IMHO look NOW to establish longs for the March rally.
IMHO I can see 354-357 holding for March corn and the rally
into March to 375.25-378.
Weather Trends From T-Storm Weather:
1) 10 times since 1960 that El Nino decayed similar to 2016
3 of the 6 worst corn crops followed.
2) After 2011 (20%) wettest Nov.-Dec. in the corn belt, 6 of the 7th
worst corn crops followed. 2015 was the wettest.
Also form AgTalk Forum
NB. 10 of the wettest Nov.-Dec. periods/8 of the following
yrs. corn yields were below avg.
Bear news is known in the market. Market is short. Each day and week
that goes by we will start to focus more on weather. I like this technical break
to establish small long positions.
Posted my trade ranges for corn and beans last week. If interested give me a
call. Markets are closed tomorrow (Monday) and re open Monday night 15th.
I will be at my desk all day. Feel free to call.