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Grains Bottoming Today

8/29/2017

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I have tried to prepare you that a bottom in grains was eminent, and I think we have reached that point today.  I have already written about how I would play this bottom.  Hopefully you have made a decision of what you are going to do and you will get it done.

​Corn has all the classic signs of a major low.
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Wheat has all the markings of a bottom as well.
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Let me summarize why the good money is betting on the long side now:
​1.  Dollar is failing and dropping into a 3 year cycle low
2.  Sentiment levels on corn are excessively pessimistic
​3.  Corn and wheat both showing hanging man doji's
​4.  Corn at the161.8% Fibonacci extension level
​5.  Weekly wheat and corn oscillators beginning to turn up
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Steve Wade and Tyler Wade of Wade Assurance are associated persons for AgDairy LLC.

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  • Home
  • Speculation
  • The Pit
  • Resources
    • Futures Contract Specs
    • Tools
    • Terminology
    • Past Trade Performance
    • Crop Overview >
      • Corn
      • Soybeans
      • Wheat
      • Supply/Demand Factors
    • About
  • Disclaimer