4-30-17

Which way will the money flow?
Higher tonight cuz of the heavy rains in areas that may lead to
replanting and the cooler temps over the weekend into Tuesday.
BUT then the weather is to turn above normal temps and below
normal precip. It will be a battle and I think by weeks end the
bear maybe the winner. NOTE: It wasn't the Chicago Bears in the
draft.

The areas that did receive the 4-8 inch rains won't dry out until Thursday to
late Friday and that's if it doesn't rain again.

So imho the tech look of things

July Wheat
Sup: 430.25 and 428.50-427 and then 421-420
Res: 434.75-438.50 and then 443-445.50

Dec. Corn
Sup: 383.75-382.50 and then 381.25-378..50
Res:388.25-388.75 and then 391.25-394,25 and 396.75

Nov Beans:
Sup: 952-950.65 and 947.75-944
Res: 955.75 and 958.25-960.25 and 965.50-972.50

Sell the rallies buy breaks if we start off higher tonight and see if
we can stay higher after tomorrow's reopen. Pick a number.
Funds still short
May 1st is upon us.