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Grain Markest Slide Lower Ahead of the USDA ReportShort dated options and new crop weekly options can be a great tool to manage risk or take a position ahead of tomorrow's report. The shortened time frame can offer a more cost-effective way to manage risk. Feel free to reach out to our trade desk to discuss potential strategies. CornTechnicals (May) Bias: Neutral Resistance: 441 3/4-444 1/2, 447 1/2-450* Pivot: 431 1/2-435 Support: 421-422*** Fundamental Notes
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Below is a look at price averages for December corn, using the 5, 10, 15, 20, and 30 year averages. Though we believe we can see prices firm from these levels, we would urge Producers to temper the expectations, given the current balance sheet. Continue Reading the full article at: https://bluelinefutures.com/2024/03/27/grain-markest-slide-lower-ahead-of-the-usda-report/Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results. On the date of publication, Oliver Sloup did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. |
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