Fut/Opt Trader | SVP - Market Strategist | Founder of the Alpha Trade | Futures trading involves substantial risk of loss & is not suitable for every investor
This week’s Alpha Trade is out.
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📊 Weekly Market Recap
🐂 CATTLE: KS fed trade $257-$258, week ranged $255-$258, north dressed $405-$410. Steady to +$1.
🪰 First US screwworm case since 1966 in S. Texas — tight fed supplies keep leverage with owners.
🛢️ CRUDE: WTI slid toward $91, -3.1% but still +4% on the week. US-Iran talks + Strait of Hormuz the wildcard.
📉 STOCKS: S&P -1.4%, Nasdaq -2.8% on hot 172K jobs. Chips bled $AVGO -4%, $NVDA -2%.
🌽 CORN: Jul 417’4 & Dec 446’0 knifed thru EMAs, deeply oversold, sitting on key TL support.
🌱 BEANS: Jul 1121’4 & Nov 1137’4 sharp drops to channel/fib decision zones.
🌾 WHEAT: Dec Chicago 611’4 & Jul KC 620’6 both broke EMAs, testing critical support shelves.
🌦️ WEATHER (7-day): Warm everywhere 🔥 +7-10°F N/W belt (It’s SUMMER, stop). East warm & wet (1.5-2.5”+), West warm & dry. GDDs running ahead.
👀 weather premium if next runs trend hotter/drier into mid-June.
📈 Grains battered & oversold into a bullish-leaning weather setup. Watch those decision levels.
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Heavenly Father, thank you for the timeless truth of your word. As Paul encouraged Timothy, help me never to let my age, inexperience, or the opinions of others cause me to shrink back. Instead, by your grace, make me bold to set an example for the believers in every area of my life, in speech that is gracious and truthful, in conduct that honors you, in love that is sincere and sacrificial, in faith that is steadfast and unwavering, and in purity that reflects a heart fully devoted to Christ. Lord, even when I feel unqualified in the eyes of the world, remind me that my influence comes not from my own strength but from the Holy Spirit living within me. Equip me to live as a witness who draws others closer to you through the way I talk, the choices I make, the love I show, the trust I place in you, and the holiness I pursue. Guard my heart and mind so that my life becomes a living testimony of your transforming power. Strengthen me to walk worthy of this calling today and every day. May my example glorify you and encourage the faith of those around me. In the mighty name of Jesus Christ, my Lord and Savior, I pray, Amen. #dailyprayer✝️
🌽 Dec Corn... Support Gave Way
🔻 458 "major support" broke - invalidated ❌
📉 9 < 20, both MAs rolling over
📍 Now 451'2, in free space
Last stand: 🟢 449'6 high-vol shelf
🎯 Below it... 445'4 (1.0 fib), the floor
Resistance: 458...468'6... 476.
Bulls need it all back. 🐂
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Heavenly Father, thank you for the example of your servant Paul, who could boldly declare at the end of his days: “I have fought the good fight, I have finished the race, I have kept the faith.” What a powerful testimony of a life fully surrendered to you. Lord, I long for my own life to echo these same words when my time on earth is done. Give me the courage and strength to fight the good fight every single day. When temptation, discouragement, or opposition comes, help me stand firm in your truth and rely on your spirit rather than my own strength. Let me fight not for my own glory, but for yours with integrity, love, and unwavering conviction. Lord, teach me to run the race with endurance. Keep my eyes fixed on Jesus, the author and perfecter of my faith. When I grow weary or feel like slowing down, remind me of the eternal prize that awaits those who finish well. Help me to stay focused, disciplined, and faithful, refusing to be distracted by the temporary things of this world. Above all Father, help me keep the faith. Guard my heart and mind from doubt, fear, and compromise. Deepen my trust in your word and your promises. Let my life be marked by loyalty to Christ, no matter the cost. I pray that when I reach the finish line, I too may say with confidence that I have fought the good fight, finished the race, and kept the faith. And on that day, may I hear you say, “Well done, good and faithful servant.” In the mighty name of Jesus Christ, my Lord and Savior, I pray, Amen. #dailyprayer✝️
🌾⚠️ Dec Chicago Wheat Momentum Has Flipped:
📉 The spring rally is unwinding. After tagging the 715 area in May, price rolled over and sliced clean through both moving averages (blue) crossing under (purple) is your classic momentum-shift tell. 🔻
📍 Now @ 626'6, sitting right on the Feb 2026 trendline (the steep one that powered the run). A daily close below it cracks the first floor.
🎯 Support stack to watch:
🔸610 the big horizontal S/R
Jan 2026 TL = channel base & last line of defense for the broader uptrend
🧱 Resistance overhead:
638'4 (first hurdle)
650'2 (failed support → now resistance)
MA cluster 660 🟣🔵
💨 Heads up on those air pockets, if 610 gives, there's thin volume below and the move can accelerate fast.
📊 Bias: neutral to bearish 🐻 while capped under 638'4. Bulls need to reclaim the MAs to stop the bleed and put the channel back in play.
📌 Bearish for chart / watching 610 as the line that decides whether this is a dip or a continuation of bearish trend.
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