Kaden Sweeney (@officialsweeney) header
Kaden Sweeney (@officialsweeney) profile picture

Believer | 7th generation IL farmer | Hedging Strategist with @AgMarket_Net | U of I grad | Opinions are my own and should not be taken as trading advice

Illinois, USA
Joined July 2020
Photo by Kaden Sweeney (@officialsweeney)Photo by Kaden Sweeney (@officialsweeney)Photo by Kaden Sweeney (@officialsweeney)Photo by Kaden Sweeney (@officialsweeney)Photo by Kaden Sweeney (@officialsweeney)Photo by Kaden Sweeney (@officialsweeney)Photo by Kaden Sweeney (@officialsweeney)Photo by Kaden Sweeney (@officialsweeney)Photo by Kaden Sweeney (@officialsweeney)Photo by Kaden Sweeney (@officialsweeney)
It’s been a long time coming but today I can finally say I’m officially a licensed broker with @AgMarket_Net. I can’t thank @chief321 & his team enough. 12 year old me riding in a tractor & listening to Matt on the radio wouldn’t believe he’d end up working with that guy someday
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Phantom yield loss test that we ran this fall. Same variety, everything identical except being harvested about a month apart. 26 dry bushels difference
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Big shoutout to @Bkitch1Bodie - I messaged him last week asking if he had any BioBoost Corn left. He said no but let me do some looking. Fast forward and we have 2 pails on hand thanks to @MeeceUPAgronomy. Excited to split the planter and see some side by side data @bw_fusion
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Take the over on IL bean yield
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Update
Nov-July bean spread currently at its highest level for this date over the last ten years
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Nov-July bean spread currently at its highest level for this date over the last ten years
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Short dated July corn straddle at the money is trading at 40 cents with four trading days to expiration This is a time capsule tweet
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Nov beans - weather matters most but this white line along with the 200 day at the same level is an interesting area
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Each of the past two years, Dec #corn put together a two week rally at the beginning of June. In both years, the peak of the rally turned out to be the high for the rest of the contract
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Really like the look of May corn here as long as we don’t stall out and reverse. A failure here would suggest a pretty clean double top pattern projecting back down to the lows at 6.10
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Dec Corn: Rallies of 2008 vs 2012 vs 2022 Past performance is not indicative of future results @AgMarket_Net
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Last 5 years Sep WASDE corn yield adjustments from Aug report: 2021: +1.7 2020: -3.3 2019: -1.3 2018: +2.9 2017: +0.4 Avg absolute value of move: 1.92 bushels *Past does not indicate future*
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Last 5 years Sep WASDE bean yield adjustments from Aug report: 2021: +0.6 2020: -1.4 2019: -0.6 2018: +1.2 2017: +0.5 Avg absolute value of move: 0.86 bushels *Past does not indicate future*
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Dec corn settles up a penny and a half on the week on a sub-30 cent range Nov beans down 40 3/4
📍Charleston, IL Same location, 1 row apart 60 bushel difference Yield in this area will come down to which one you have more of
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In today's episode of Ag Matters PM: @smithrileyj talks with Iowa State Climatologist @JustinMGlisan about this week's U.S. Drought Monitor, Kaden Sweeney of @AgMarket_Net has our Ag Market Recap, and we take a look at the Ag Weather Outlook. Watch here: bit.ly/3ReE5mz
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Last year’s corn production was the 2nd biggest ever, a billion bu larger than the year before, and July corn rallied 3.00 off the harvest low. Why? Strong demand and macro factors. Supply isn’t the only piece of the puzzle. (1/3)
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This year’s crop is smaller and likely shrinking, but that doesn’t guarantee a big rally in and of itself. There are plenty of questions going into the marketing year regarding export demand, our economy, China’s economy, etc. Supply isn’t the only piece of the puzzle. (2/3)
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Stay disciplined, use your target orders, hit incremental sales, and buy calls if you want to. The market can certainly rally, but it doesn’t have to. -Thoughts from a corn bull (3/3)