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Grain News and Commentary

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Mon, Mar 27th, 2023
Wheat (ZW) Consolidating Bounce Off Fresh 2023 Low

Wheat (ZWH23) is consolidating to start the week after last week’s bounce off a fresh 2023 low.  Although ZW could retest in the next week or so the weekly chart descending wedge support, odds are...

ZWH23 : 686-4s (+2.12%)
WEAT : 7.03 (+4.61%)
It's going to be a BIG week for the grain markets!

The USDA will release their prospective plantings report this Friday, which could keep volatility on the rise! Here's a look at a tool to manage the risk of uncertainty.

Soybean Weekly Forecast

The downtrend may be expected to continue, while market is trading below resistance level 1448,6, which will be followed by reaching support level 1380.

Corn Weekly Forecast

The downtrend may be expected to continue, while market is trading below resistance level 648,2, which will be followed by reaching support level 606,6 – 593.

Wheat Weekly Forecast

The downtrend may be expected to continue, while market is trading below resistance level 720,6, which will be followed by reaching support level 647,2.

Corn 639.25 Target

Educational and Actionable Information using Fibonacci and W.D. Gann Analysis.

ZCN23 : 619-0 (-0.64%)
Sunday Scaries: What I'm Watching This Week in the Grain Markets

Changing old crop fundamentals for both corn and soybeans has my attention this week, with big implications for price.

Soybeans, SOYB ETF hit 61.8%, Here's what to look for now!

Educational and Actionable Information using Fibonacci and W.D. Gann Analysis

ZSN23 : 1406-4 (unch)
SOYB : 26.29 (+1.25%)
Quarter-ending Prospective Plantings on Friday

Fed raises rates, Putin-Xi meeting, Uncertainty in Black Sea

No Bull | Goin' Green - Part Two

If you missed last week’s No Bull (Part One of Goin’ Green ), I outlined the cause of what I would call the largest fundamental shift in fuel demand in modern times, thanks to California. California’s...

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BREAKING: First Citizens Bank to buy Silicon Valley Bank $SIVB deposits and loans https://t.co/il3cv7JHAF
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China is borrowing at the fastest pace on record 👀 https://t.co/ZARImon3ca
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Futures ⬆️ https://t.co/d8vdzxNcUW
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Twitter employees have been reportedly been offered stock grants by @elonmusk that value the company at roughly $20 Billion, less than half of the $44 Billion Elon Musk purchased the company for. https://t.co/GtlqDQxI5U
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As futures fell towards those levels, producers were forced to lock in loss. And traders and banks on the opposite side of those trades were then forced to sell their crude inventory to to minimize the damage. Learn More 👇 https://t.co/9egLG4IZVV
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Earlier this month, crude had its biggest weekly loss in almost 3 years. A big part of that move may have to do with producers' need to delta hedge. Producers purchase options to reduce the risks associated with directional moves 🧵 https://t.co/COwxteVktC
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Natural Gas weakness continues! Closing in on taking out its February low https://t.co/rLLNCY4TMv
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What role does volume play in trading? Here is a cheat sheet: https://t.co/tkEu6p9A8U
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S&P 500 $SPX will finish this week:
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10-year chart for Charles Schwab $SCHW really puts into perspective how historically bad March has been https://t.co/Pl3rfkQLHu
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CBOE Volatility Index $VIX Call Open Interest jumps to a 5-year high as traders brace for increased volatility in the months head. 50 Cent Trader, who purchased 150,000 May 50 Calls back in mid-February, is going to love this! https://t.co/NXizgYxlmk
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WOW!! Look at the soaring call option volume in the SPDR Gold Trust ETF $GLD https://t.co/CfcKIxV7sn
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There could be tough times ahead for Apple $AAPL warns the Chartmaster Carter Worth https://t.co/DN8uDc7Nkm
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Bitcoin $BTC Fear & Greed Index = 64 (Greed) https://t.co/G5cu292O0y
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Top 10 Most Mentioned Symbols on WallStreetBets over the last week were: 1) $SPY 2) $NVDA 3) $FRC 4) $GME 5) $TSLA 6) $QQQ 7) $SQ 8) $COIN 9) $AMD 10) $AAPL Source: Quiverquant
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Copper prices could surge to a new all-time high within the next 12 months, possibly even hitting $12,000 a tonne according to forecasts from Trafigura. The reason is that increased Chinese demand will risk depleting already low inventories. https://t.co/0KoCrND3Wh
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Watch 👇👇 https://t.co/LVqB51kG3o
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Gold is now on a 4 week winning streak! 🏆 https://t.co/hpGJ0tWdnt
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Twitter employees received an email from @elonmusk at 2:30am reminding them that the office is NOT optional 🤣 https://t.co/M8Nqxty3W4
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Goldman Sachs Forecast for Global Home Price Declines https://t.co/nTDEZy1FUV
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U.S. Bank Deposits fell by $98.4 billion for the week ended March 15, the largest weekly decline in almost a year https://t.co/iGBM00uXrc
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Great chart from FRED showing the 10-year minus the 2-year. Shaded areas represent recessions and they typically occur after (or just as) the yield curve is no longer inverted. https://t.co/QiP71uGspf
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After 9 straight green days, Nvidia's winning streak finally ended with $NVDA shares down 1.5% https://t.co/S1hRkTbQwl

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Cadence Design Sys (CDNS)

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