1-29-22

Chinese New Year Holiday Feb 1st

Lunar New Year Feb. 1st

China host Olympics Feb 3rd

Indonesia top palm oil producer / export restriction hold

back 20% of exports for domestic markets.

Brazil crushing margins strong. Plus not enough beans going to ports.

Could we see some US demand??

Canadian truckers to protest in Ottawa (Sat. 29th) cuz of vaccine requirements for

cross the border drivers. Some 90% of truckers are vaccinated.

CZ/SX ratio started the year at 2.141. Started the week at 2.328 and finished the week

at 2.373. This is the monthly / yearly High.

Please refer to last weeks comments in the achieves list. Could we be close to Highs 

for Corn and Beans? We have a strong seasonal ( Feb. break) around the corner.

Repeat buy puts to take some risk off.

US Dollar at 7 month Highs

Here is a try of ranges imho

April Cattle

support 139-13820

res: 14650-147.25 then 151.60

June Hogs

There is a gap down at 102.07-101.95 then support 101

Res: 111.20-112.40

Grains trend is up techs/ charts/funds are beating the bears.

Let the market try to show us.  We are due for a break but it may not change

the trend.. Just the Feb break. Time will tell.

Be Safe