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ring the bell
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Posted 5/26/2023 13:58 (#10244574)
Subject: ring the bell

SE Iowa

CN close 6.04.. next test of 6.38 (light res).. major 6.47 and 200 day..... Its all bout weather. ... still no export demand and c/o swells +200mb coming into n/c... cz close today looks to test 5.52-4..which would be line in sand for the cover and may start something more to the 200 day 5.88...... but again its all weather...and hint of soakers mid june..we come crashing down.... 

CME raised cattle limits set to go into effect Tuesday...coincidently the biggest weather weekend so far.. and feeders loaded with longs...and closed at up trend line from may 8...

hogs...prop 12.. hammering...

july beans close 13.35+ where they needed to keep going to 13.80... sx test 12.52 where the crime was committed..beans still a follower...until....?
have great 3 day...GL .. over and out.

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