Latest Fundamental Data👇
Corn Harvest Progress 🚜➡️🌽
▓▓▓▓▓▓▓▓▓▓▓▓░░░ 81%
Export Inspections 🚢➡️🌎
535,191 Metric Tons
⬇️ 5,594 Metric Tons week vs. last week
⬆️ 89,498 Metric Tons this week vs. this week last year
⬇️ 160,191 Metric Tons this week vs. 5-year average
Corn Technicals 💹
We will keep this post short and sweet, but after today's close (November 7th), there is downside risk forming at the previously established support of 4.675. A break below this level AND settlement could lead us to test the next support range of 4.6325 - 4.615, which would be the lowest prices of Corn since this past summer (when looking at the continuous contract).
Watch the following levels for now👇
🟢 Current Upside Target: 4.85, 4.90
🔴 Current Downside Targets: 4.6325 - 4.615
Investment Risk Disclaimer⚠️
This information is provided for informational and educational purposes only and is not intended to constitute investment, financial, legal, tax or accounting advice. The views expressed are those of the author and do not necessarily represent the opinions or advice of our firm. Futures, options, and over-the-counter derivatives involve a high degree of risk and may not be suitable for all investors. Past performance is not indicative of future results.
Investments or strategies mentioned herein may not be suitable for you. The information contained herein does not take into account the particular investment objectives, financial situations, or needs of individual users. Before making any investment decision, you should perform due diligence and consider seeking advice from an independent financial or investment advisor.
All investments involve risk, including the possible loss of principal. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. We do not guarantee any outcomes regarding your use of the information provided.
just now
Comment:
Caution is advised as the market has successfully retraced back to support.
Corn Harvest Progress 🚜➡️🌽
▓▓▓▓▓▓▓▓▓▓▓▓░░░ 81%
Export Inspections 🚢➡️🌎
535,191 Metric Tons
⬇️ 5,594 Metric Tons week vs. last week
⬆️ 89,498 Metric Tons this week vs. this week last year
⬇️ 160,191 Metric Tons this week vs. 5-year average
Corn Technicals 💹
We will keep this post short and sweet, but after today's close (November 7th), there is downside risk forming at the previously established support of 4.675. A break below this level AND settlement could lead us to test the next support range of 4.6325 - 4.615, which would be the lowest prices of Corn since this past summer (when looking at the continuous contract).
Watch the following levels for now👇
🟢 Current Upside Target: 4.85, 4.90
🔴 Current Downside Targets: 4.6325 - 4.615
Investment Risk Disclaimer⚠️
This information is provided for informational and educational purposes only and is not intended to constitute investment, financial, legal, tax or accounting advice. The views expressed are those of the author and do not necessarily represent the opinions or advice of our firm. Futures, options, and over-the-counter derivatives involve a high degree of risk and may not be suitable for all investors. Past performance is not indicative of future results.
Investments or strategies mentioned herein may not be suitable for you. The information contained herein does not take into account the particular investment objectives, financial situations, or needs of individual users. Before making any investment decision, you should perform due diligence and consider seeking advice from an independent financial or investment advisor.
All investments involve risk, including the possible loss of principal. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. We do not guarantee any outcomes regarding your use of the information provided.
just now
Comment:
Caution is advised as the market has successfully retraced back to support.
Comment:
Targets are being met ✅