3-26-16
Market movers
*Weather
*US Dollar
*Brazil Real
*Crude Oil
*March Prospective Plantings (31st)
*Grain Stocks (31st)
*End of the 1st Quarter
Tech Numbers
Weekly Corn
13 week avg 364.25/ 26 week 369.50/ 52 week 373.75
Monthly
3 month avg 366.25/ 6 month 368.75/ 12 month 373.75
Front month Corn (May) unchanged for the yr. 358.75
IMHO the weekly range could be
High 379.50-382
Low 352,75-348.75
Dec. Corn
5 day ma 386.75/10 day 386.50/ 20 day 382.25
50 day 385.50/ 100 day 388.75
Unchanged for the yr. 383
IMHO the weekly range could be
High 390-391 and 395-397
Low 379.50-378.50
Weekly Soybeans
13 week avg 879.50/ 26 week 879.50/ 52 week 913.50
Unchanged for the rear 864.25
IMHO the weekly range could be
High 915.50-917
Low 891.75 and 881-879
Nov Beans
5 day ma 916.75/ 10 day 911.50/ 20 day 898.25
50 day 891.25/ 100 day 889.50/ 200 day 898.75
IMHO the weekly range could be
High 928-931
Low 903-897
Watch the April 1st-10th weather forecast and the markets
action off the reports Thursday the 31st. Weather could be the
wild card for support on breaks. I'm still playing the bull side.
BUT make no mistakes about it. When the planters get rolling and
NO weather problems the next leg is down. Then IMHO expect
a June (mid to late) time frame weather rally.