Here's what moved the needle this week.
Three calls: how we handled the August WASDE, why soybeans keep lagging the wheat rally, and canola finally clearing $800. Catch up below.
📉 Grain Futures: De-risking Positions Before August WASDE
The August WASDE is the kind of report that hands you two to three days of volatility whether you want it or not.
Experienced traders and my own mentors mostly don't hold over news events. Any edge you've built gets cut to a coin flip.
The market sold off that morning as positions came down.
Key takeaway: You don't have to have a position on report day. Reducing risk is a decision too.
🌱 Soybeans Lag Wheat as Technical Rally Fails
Wheat got the love this week. Beans and corn didn't.
Soybeans are back below the declining 200-week moving average — which supports the old adage that you don't trust rallies above a declining moving average.
Key takeaway: Not every rally is the same rally. Check what the long-term chart is doing before you assume the bean move is coming.
🌾 Canola Price Analysis: $800 Futures Breakout & Targets
Canola is taking the staircase up and is back trading above $800.
That level is psychologically important. The obvious next question is how high this can run — and the trendlines and previous resistance levels offer some clues.
Key takeaway: $800 is cleared. Now it's about where the old resistance sits above us.
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Nothing written, expressed, or implied here should be considered investment advice or an admonition to buy, sell, or trade any security or financial instrument. As always, do your own due diligence.
