Corn's price action after the USDA report (188.8 yield, +2M acres) shows the market had already priced in bearish numbers, suggesting a potential low is forming.

The lack of follow-through selling after the report indicates expectations were already high, and the opportunity lies in a potential regression of those higher yields.

December corn is at an inflection point; $4 is key psychological/technical resistance, with next resistance at 408-411. A breakout above these levels could make things interesting.

The path of least resistance has been lower, but consecutive closes above 408-411 would be bullish.

Soybeans had a fundamental and technical turnaround: the USDA report reduced acres/production, and the chart broke above trendline resistance (1012) and moving averages. Next targets are 1044 (gap fill), 1058, and 1075-1080.

The market defended trendline support at 982, then broke out, changing the narrative. This is a very important time of year for soybeans.

While there are ample soybeans, the reduction in US acres/production changes the tone. Additionally, headline risk regarding Chinese trade keeps shorts nervous and could provide a tailwind.

Headlines from President Trump, even without substance, cause buying activity. This could continue over the next few weeks.

Wheat has had too many false bounces; it's a 'dead duck'. $5 is key support, but bulls need to clear 521-525 to change the tone. Bears have control.

For those trying to pick a bottom, using options is recommended for limited risk.

Cattle markets are extremely volatile with large daily ranges (live cattle ~$4, feeder cattle ~$6) happening in minutes. This is due to lopsided fund positioning, leading to cascading selling when they exit.

Profit-taking and risk-adjusting ahead of Secretary Rollins' speech on Friday (screwworm/Mexico border) and seasonal weakness in August are adding to nervousness.

Options have 'sticker shock' due to high contract values, but volatility is high, making premiums expensive. On a percentage basis, they are manageable.

Lean hogs are consolidating between the 50-day (resistance) and 20-day (support) moving averages. He has a short bias seasonally but sees no clear signal; prefers to sell higher or buy lower.

Gold is in a trading range, rejecting the top near $3500 multiple times. He is a long-term bull but recommends waiting for a pullback to buy, as patience may pay in the middle of the range.

He holds physical gold and silver, so he is eternally optimistic but sees the market as tradable right now.

Crude oil has been under heavy pressure (9 lower closes in 10 sessions) due to a bearish inventory report (big build). $62 is a key support level (old resistance). The Trump-Putin meeting could add to the pressure.

The bulls need to defend $62 into the weekend. The energy complex will be interesting after the meeting.

The Blue Line Edge platform is available to clients or via demo. It covers agricultural and outside markets.

He will be on the eastern leg of the crop tour (Ohio, Indiana, Illinois, Iowa, Minnesota), which is a lot of work but valuable for firsthand field checks.