US MFP details

[farming101]

4.0475 reached in Sept corn this morning. Exactly.

Now we patiently await Aug 12 report

[macdon02]

4.0475 reached in Sept corn this morning. Exactly.

Now we patiently await Aug 12 report

Are you using forks 101?

[farming101]

Are you using forks 101?

Yes, among other things.

At 12:32 price went through support with increased volumes.

[macdon02]

Yes, among other things.

At 12:32 price went through support with increased volumes.

Fib, forks and AI here. Still showing a harvest high here through AI. But it's been wrong before. Combination with experience is the way to go, there are no silver bullet one system works, all the time imo. This canola deal is getting to me, I'm afraid the cycles will straighten out in the next with a test of the '09 low. But maybe USD will give us reprieve...? Idk the seasonals will stay inverted till they don't, when they do, it'll be vicious. We need demand

[farming101]

Canola - harvest is far enough away yet that I don't think the bottom will fall out till we get well into August.
However there is plenty of acres to supply this market even with a fair to average crop. If all acres of this crop comes off it will be ugly.

Moving averages - a good trend follower with good buy/sell points when used with discretion, but a poor forecaster - my take. I do use them

CAD/US. Entry point for a short logged today.