Corn Production Up 2 Percent from August Forecast               
                        Soybean Production Up 1 Percent                        
                         Cotton Production Up 2 Percent 

At 12:15pm on 11/20/09: My pivot acted as resistance and was 10.50, the EXACT actual high, and my support was 10.30, just .01 1/2 from the actual low.

Ask yourself, how well would I have traded this market if I had these numbers last night? Subscribe now! See for yourself why this second year of service has tripled my subscriber base.

After the close on 4/14/10: My pivot acted as resistance and was 93.75, just .05 from the actual high, and my support was 92.70, just .17 from the actual low.

After the close on 12/18/09: My resistance  was 404 1/4, .03 from the actual high, and my pivot acted as support and was 3.90 1/4, just .00 3/4 from the actual low.

After the close on 1/6/10: My resistance  was 86.80, just .02 from the actual high, and my pivot acted as support and was 85.92, .30 from the actual low.

Ask yourself, how well would I have

After the close on 11/19/09: My resistance was 10.49, just .00 1/4 from the actual high, and my support was 10.11 3/4, .04 1/4 from the actual low. Note: If you look at the 5 minute bar chart you will see that the market traded in 4 bars at 9:30, 9:35, 9:40, and 9:50 all with the same low of 10.24. My pivot of 10.23 3/4 after 5 minutes acts as support and was only .00 1/4 from the actual low in open outcry. I do not have time to look at all the marketts I cover and see results on a 5 minute bar, but I was active trading soybeans today using my numbers and watching the 5 minute bar.

30.2 million tons, of which 28.3 million tons will be utilized for sugar and

1.87 million tons for seed.  Total production for sugar and seed is down

fractionally from the previous forecast but up 9 percent from 2008. 

Sugarcane producers are expecting to harvest 877,700 acres for sugar and seed

in 2009, unchanged from January but up 1 percent from last year.  Yield for

sugar and seed is estimated at 34.4 tons per acre, down 0.1 ton from the

previous forecast but up 2.6 tons from 2008.                             

After the close on 11/20/09: My resistance was 84.07, just .07 from the actual high, and my pivot acted as support and was 83.55, just .07 from the actual low.

 WHEAT:   U.S. wheat ending stocks for 2009/10 are projected 20 million bushels higher as a reduction in

expected food use pushes ending stocks to 1 billion bushels.  Projected food use is lowered 20 million bushels based on the latest mill grind data from the U.S. Bureau of Census. High flour extraction rates for a second straight year are reducing the amount of grain needed to produce flour.  At the same time, declining per capita consumption is reducing demand for flour and wheat.  Exports of all wheat are unchanged, but hard red winter wheat exports are raised 10 million bushels with an offsetting reduction for white wheat.

After the close on 4/15/10: My resistance was 9.85, just .00 1/2 from the actual high, and my pivot acted as support and was 9.64 3/4, just .00 1/2 from the actual low

After the close on 12/28/09: My resistance was 85.45, just .05 from the actual high, and my pivot acted as support and was 84.87, just .02 from the actual low.

After the close on 1/19/10: My resistance was 88.15, .22 from the actual high, and my support was 86.65 FG, .32 from the actual low.

After the close on 11/19/09: My pivot acted as resistance and was 4.02 1/4, just .01 3/4 from the actual high, and my support was 3.90 3/4, just .00 3/4 from the actual low.

GRAINS AND OILSEEDS OUTLOOK FOR 2010/11

Prepared by Members of the

Wheat, Feed Grains, Rice, and Oilseeds Interagency Commodity Estimates Committees

U.S. Department of Agriculture

After the close on 5/6/10: My resistance was 97.20, just .15 from the actual high, and my support was 94.80, .30 from the actual low.

After the close recap on 6/7/10: My pivot acted as resistance and was 9.39, the EXACT actual high, and my support was 9.20, .08 1/4 from the actual low

After the close on 4/28/10: My resistance was 94.00, just .10 from the actual high, and my support was 92.75, just .20 from the actual low.

After the close on 3/12/10: My resistance was 95.00, .20 from the actual high, and my support was 93.77, just .05 from the actual low.

After the close on 11/20/09: My resistance was 3.97 3/4, just .01 1/4 from the actual high, and my support was 3.90, just .00 1/4 from the actual low.

After the close on 3/23/10: My pivot acted as resistance and was 3.70 1/2, just .01 3/4 from the actual high, and my support was 3.62, just .00 1/2 from the actual low.

After the close on 12/29/09: My pivot acted as resistance and was 85.37, just .07 from the actual high, and my support  was 84.75 FG, .05 from the actual low.

After the close on 3/5/10: My resistance was 3.77 3/4, just .00 3/4 from the actual high, and my support was 3.65 1/4, just .01 from the actual low.

After the close on 11/24/09: My pivot acted as resistance and was 10.50, just .00 3/4 from the actual high, and my support was 10.32, the EXACT actual low. These are the same numbers I use in trading an actual $1 million account.

After the close on 5/17/10: My resistance was 9.55, the Exact actual high, and my support was 9.37 1/2, the Exact actual low.

After the close on 1/11/10: My pivot acted as resistance and was 85.92, just .05 (2 ticks) from the actual high, and my support was 85.05 FG, just .05 from the actual low

After the close on 12/17/09: My pivot acted as resistance and was 85.30, just .15 from the actual high, and my support was 84.32, just .05 from the actual low.

After the close on 3/24/10: My resistance was 3.66 1/2, the Exact actual high, and my support was 3.59, the Exact actual low.

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After the close on 11/23/09: My pivot acted as resistance and was 84.15, .32 from the actual high, and my pivot was also support and was 84.15, .40 from the actual low. This rotation around the pivot tells me the market is looking for direction. 

After the close on 5/3/10: My resistance was 95.25, .45 from the actual high, and my pivot also acted as support and was 94.00, .07 from the actual low.

I call the market $.25 lower old crop soybeans, $.10 lower new crop soybeans

Corn should be $.05 lower on the open

Wheat is a coin toss 

After the close on 11/18/09: My resistance was 10.53 1/4, .04 1/4 from the actual high, and my support was 10.11 3/4, .11 3/4 from the actual low.

Ask yourself, how well would I have traded this market if I had these numbers last night? Subscribe now! See for yourself why this second year of service has tripled my subscriber base.

 

At 12:30pm Chicago time on 11/23/09: My resistance was 10.68, just .01 1/4 from the actual high, and my support was 10.32, .07 1/2 from the actual low.

4, just .01 1/4 from the actual high, and my support was 3.90, just .00 1/4 from the actual low.

After the close on 2/12/10 for April Cattle: My pivot acted as resistance and was 91.52, $0.15 from the actual high, and my support was 90.80 FG, only $0.10 from the actual low.

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After the close on 1/25/10: My resistance was 19.57 3/4, just .01 3/4 from the actual high, and my pivot acted as support and was 9.35, only .01 from the actual low.

November Soybeans

After the close: My support was $8.97, just 1/2 cent from the actual low, and my pivot acted as resistance and was $9.27 1/4, $.04 3/4 from the actual high.

After the close on 5/28/10: My pivot acted as resistance and was 9.53 3/4, just .02 1/4 from the actual high, and my support was 9.36, just .00 1/2 from the actual low.

Grains: My resistance was the Exact high and my support was $.03 3/4 from the low in soybeans, and and my resistance was the exact high and my support was $.03 1/2 from the low in corn.

Crude Oil: My resistance was 0.08 from the actual high, my support was 0.55 from the actual low.

S&P: My resistance was 1.00 from the actual high, my support was 0.75 (3 ticks) from the actual low.

Gold: My resistance was $7.20 from the actual high; my support was $4.10 from the actual low. 

Euro:  My resistance was 0.22 from the actual high; my support was 0.34 from the actual low.

Bonds: My resistance was 1 from the actual high; my support was the EXACT actual low. 

Natural Gas: My resistance was .049 from the actual high; my support was .048 from the actual low. 

Cattle: My resistance was the EXACT actual high, my pivot acted as support and was .15 from the actual low.  

Bracket line support worked well, below there is the low of November, then October. Downtrend line is pivotal for Wednesday. 

In my daily numbers on Wednesday my pivot acted as resistance and was $.04 3/4 from the actual high; my support was $.03 1/4 from the actual low.   

After the close on 12/15/09: My pivot acted as resistance and was 10.63 3/4, .04 3/4 from the actual high, and my support and was 10.49, just .00 1/2 from the actual low.

After the close on 1/12/10: My resistance was 10.21 1/2, .08 from the actual high, and my support was 10.68 1/4, just .00 3/4 from the actual low.

December Corn

After the close: My support was $3.08 1/2, just 1/4 cent from the actual low, and my resistance was $3.21 1/2, just 1 + 1/4 cent from the actual high.

After the close on 1/29/10: My pivot acted as resistance and was 9.32, .04 3/4 from the actual high, and my support was 9.16 1/2, just .02 3/4 from the actual low

After the close on 12/16/09: My resistance  was 10.68 1/2, just .01 1/4 from the actual high, and my pivot acted as support and was 10.49, .02 1/2 from the actual low.

After the close on 12/9/09: My resistance  was 81.85, .60 from the actual high (only .12 in open outcry), and my support was 79.17, just .07 from the actual low.

After the close on 12/7/09: My resistance  was 81.85, .20 from the actual high, and my support was 80.67, .27 from the actual low.

After the close on 1/11/10: My pivot acted as resistance and was 10.28 1/2, .04 1/4 from the actual high, and my support was 10.05 1/4 FG, just .00 1/2 from the actual low.

After the close on 6/16/10: My resistance  was 9.61 3/4, the exact actual high, and the pivot acted as support and was 9.46, .03 from the actual low

After the close on 12/30/09: My pivot acted as resistance and was 85.35, just .15 from the actual high, and my support was 84.67, the EXACT actual low.

At 12:30pm Chicago time on 11/30/09: My resistance was 10.68, just .02 from the actual high, and my pivot acted as support and was 10.48 1/2, just .02 from the actual low.

At 11:00am Chicago time: My support was $8.92, $.09 1/2 from the actual low, and my pivot acted as support in the open outcry and was $9.12, the exact actual low, my resistance was  resistance and was $9.44, just $.01 from the actual high.

After the close on 12/9/09: My resistance  was 3.90 1/2, just .01 3/4 from the actual high, and my support was 3.79, .00 1/2 from the actual low.

After the close on 5/27/10: My resistance was 91.72, the exact actual high, and my support was 190.02FG, just .50 (2 ticks) from the actual low

March Corn 

After the close on 12/16/09: My resistance  was 4.14 1/2 FG, just .00 3/4 from the actual high, and my support was 4.00, .03 1/4 from the actual low.

After the close on 12/15/09: My resistance  was 10.80, just .01 1/2 from the actual high, and my pivot acted as support and was 10.49, .03 1/2 from the actual low.

After the close on 12/1/09: My resistance  was 10.80, just .01 1/2 from the actual high, and my pivot acted as support and was 10.49, .03 1/2 from the actual low.

My Take: WASDE Report was a non event. I would say that the soybean carryout was disappointing.

Another gain (2.2mmt) in world wheat stock despite lower production (USDA reduced 09/10 world wheat usage.

A 20 cent bushel increase in the ‘09/10 US on farm soy price to $9.20 despite expectations for a record large 2010 S. American soybean crop.

Exports on today's export sales report: More impressive than the trade was looking for.

My Early grain call: Soybeans 5 cents higher, corn mixed, and wheat mixed.

I am not going to write about where I think grain prices are going from here. That has nothing to do with this article and I will use this going forward to have new clients read my mindset.  My subscribers know well about everything I think relating to the grain markets and price in time. All my producers have hedged most or all of their crops both old and new, custom tailored to their need for protection and their desire for the upside. Their task is now to produce at least their average trend yields on their farm.

After the close on 5/3/10: My resistance was 9.95 1/4, .03 1/4 from the actual high, and my pivot acted as support and was 9.86, .03 1/2 from the actual low.

More Results for 5/3/10 were:

Soybeans: My resistance was .03 1/4 from the actual high; my support was .03 1/2 from actual low.

Corn:    My resistance was .02 1/4 from the actual high; my support was .03 3/4 from the actual low. 

Crude Oil: My resistance was 0.40 from the actual high; my support was 0.13 from the actual low.

S&P:    My resistance was 6.00 from the actual high; my support was 1.00 from the actual low. 

Gold:     My resistance was 5.90 from the actual high; my support was 5.40 from the actual low. 

Euro:    My resistance was .14 from the actual high; my support was .39 from the actual low. 

Bonds: My resistance was 5 from the actual high; my support was 2 from the actual low. 

Nat. Gas: My resistance was .025 from the actual high; my support was .005 from the actual low.   

Cattle:  My resistance was .45 actual high; my support was .07 from the actual low. 

After the close on 1/22/10: My resistance was 87.45 FG, .20 from the actual high, and my support was 86.57, .17 from the actual low.

After the close on 12/1/09: My pivot acted as resistance and was 10.64 1/2 the EXACT actual high, and my support was 10.29, .03 1/4 from the actual low.

After the close on 12/9/09: My resistance  was 10.56 1/2, .05 from the actual high, and my  support was 10.21, .00 1/2 from the actual low.

After the close on 12/10/09: My resistance  was 3.97, just .01 from the actual high, and my pivot acted as support and was 3.80 1/4, just .00 1/2 from the actual low.

As of 9:55am Chicago time on 5/25/10: My pivot acted as resistance and was 1070.00, .50 (2 ticks)from the actual high, and my support was 1036.25, just .50 (2 ticks) from the actual low

After the close on 12/16/09: My pivot acted as resistance and was 85.30, just .10 from the actual high, and my support was 84.32, the EXACT actual low.

After the close: My support was $3.15 1/4, just $.01 1/2 from the actual low, and my pivot acted as resistance and was $3.28 1/4, just $.01 from the actual high. Ask yourself, how well would I have traded this market if I had these numbers last night? Subscribe now!

Opening calls 3 to 5 lower corn, Wheat 10 to 15 lower, and Soybeans maybe 5 to 8 cents lower.

After the close recap on 7/9/10: My resistance was 91.52 FG, .35 from the actual high, and my support was 89.80 FG, .30 from the actual low

After the close recap on 7/6/10: My resistance was 91.00, .15 from the actual high, and my pivot acted as support and was 89.57, the EXACT actual low

After the close recap on 7/2/10: My resistance was 90.50, just .07 from the actual high, and my pivot acted as support and was 89.50, just .10 from the actual low.

After the close recap on 7/8/10: November Soybeans: My resistance was 9.59 3/4, .03 1/2 from the actual high, and my  support  was 9.24 3/4, just .02 1/2 from the actual low.

December corn: My resistance was 3.99, just .01 1/2 from the actual high, and my pivot acted as support and was 3.89, just .01 1/4 from the actual low. (December chart and numbers not shown in this article)

After the close recap on 7/2/10: My resistance was 9.65 3/4, just .01 1/2 from the actual high, and my pivot acted as support and was 9.54 1/2, .04 1/2 (but just .00 1/2 in open outcry) from the actual low.

After the close recap on 7/12/10: My pivot acted as resistance and was 90.47, just .02 from the actual high, and my support and was 89.80 FG, just 0.05 from the actual low

After the close recap on 7/14/10: My resistance was 9.69 1/4, .02 1/4 from the actual high, and my pivot acted as support and was 9.50 1/4, .02 1/2 from the actual low