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USA Planting Progress, Equities are down, Watch big money
Monday, April 25, 2022 at 2:38:51 p.m. UTC
Top 3 – Things to Watch this week:
1. USA Planting Progress. It is early but markets are getting nervous.
2. The S&P 500 is approaching a support line of 4200. Pay attention to S&P
3. Big money is very long on grains and oilseeds. Important: if they exit market will drop
This week’s Action Item:
Reevaluate your production potential. Since moisture has been received it maybe wise to put some additional sales on the books.
Links to articles:
https://www.reuters.com/markets/europe/funds-forge-all-time-bullish-bets-cbot-grains-oilseeds-2022-04-25/ (chart source)
Futures Friday Trade Tracking = Last Friday we shorted 10 July 22 Soybean oil at 81.20 this morning it was down to 78.50. We exited the position for a quick 40 grand.
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