Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. November hedges were rolled to January, which have subsequently been rolled to March futures [...]

Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. November hedges were rolled to January, which have subsequently been rolled to March futures [...]

Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. November hedges were rolled to January, which have subsequently been rolled to March futures [...]

Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. November hedges were rolled to January, which have subsequently been rolled to March futures [...]

Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. November hedges were rolled to January, which have subsequently been rolled to March futures [...]

Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. November hedges were rolled to January, which have subsequently been rolled to March futures [...]

Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. Bushels not previously priced can be held given the continued uptrend on weekly futures [...]

Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. Bushels not previously priced can be held given the continued uptrend on weekly futures [...]

Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. Bushels not previously priced can be held given the bullish reversal pattern on weekly [...]

Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. Bushels not previously priced can be held given the bullish reversal pattern on weekly [...]

Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. Bushels not previously priced can be held given the bullish reversal pattern on weekly [...]

Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. Bushels not previously priced can be held given the bullish reversal pattern on weekly [...]

Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. Fill cash contracts at harvest. Deliver bushels against short hedges and lift futures positions. [...]

Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. Fill cash contracts at harvest. Deliver bushels against short hedges and lift futures positions. [...]

Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. Fill cash contracts at harvest. Deliver bushels against short hedges and lift futures positions. [...]

Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. Fill cash contracts at harvest. Deliver bushels against short hedges and lift futures positions. [...]

Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. Fill cash contracts at harvest. Deliver bushels against short hedges and lift futures positions. [...]

Theoretical Positions: End users could ride the short-term downtrend, but be ready to have coverage in place by the end of September. Given futures spreads are inverted, long hedge positions [...]

Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. Fill cash contracts at harvest. Deliver bushels against short hedges and lift futures positions. [...]

Trend: Down. As counter-intuitive as it seems, I still see a secondary (intermediate-term) 3-wave downtrend on the Nov23 weekly chart. This is based on the bearish spike reversal from the [...]

Nov23 futures Trends Minor (short-term):  Down Secondary (intermediate-term): Down. Two weeks ago saw the contract complete a bearish spike reversal. Last week the contract left a bearish breakaway gap at [...]

Nov23 futures Trends Minor (short-term): It's a tough call on the Nov23 short-term trend. While daily stochastics completed a bearish crossover above 80%, support is at the previous 4-day low [...]

Nov23 futures Trends Minor (short-term): For now, I'm going to still call the minor trend on Nov23 daily chart down. The test will be a challenge of the previous high [...]

Nov23: The contract completed a bearish spike reversal on its weekly chart (slide 1), confirming a new secondary (intermediate-term) downtrend. The initial downside target is $12.92, the 38.2% retracement level [...]