Weekly Grain/Livestock Update 3/13/25

Weekly Grain/Livestock Update 3/13/25
Photo by Chris Erdman / Unsplash

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Being this is a weekly update we give all the key levels to watch for the week using Fibonacci retracements and Major Gann squares. We set up scenarios to look for when a level holds, or fails based on these methods, so it is very important to know for yourself how to use them following the ONE44 rules and guidelines. The best way to get a better understanding of these methods is to read all the posts (even if not on Grains) and watch our YouTube videos, as we explain why we think what we think based on the rules and guidelines. It is also important to view all the charts, as they have the key levels marked on them, if there are extended moves.

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Soybeans

Trend Swing Point Target
Long Term 1261.00 980.00
Intermediate Term 1092.00 985.00
Short Term 1031.00 977.75
As of: 3/13/2025, 1:17:27 PM

May

From last week,

There was no turn higher from the 1031.00 major Gann square. The break this week took it to and through the short term target of 61.8% at 1008.00, it had one close below it and the next day was right back above, the rally from there has hit 38.2% back to the 2/5/25 high at 1031.00, this is also a major Gann square and will be the key level for next week. A failure to get above this level will keep the short term trend negative.
Use 1031.00 as the swing point for the week. 

It failed to take out the 1031.00 swing point for the week, this was a 38.2% retracement and major Gann square. The high for the week was 1032.50 and the setback from it took it to 994.00. This week's low didn't take out the previous low on 3/4/25 and as long as this low holds we will look for a completion of the 61.8% (1008.00) to 61.8% at 1054.00. Being below 1031.00 keeps the short term trend negative and this will again be the key level for the next week. Without making a new low this week all the Above/Below remain the same.

Use 1031.00 as the swing point for the week again.

Above it, with 1008.00 being 61.8% we will be looking for 61.8% the other way at 1054.00 per the ONE44 61.8% rule. The longer term target is 78.6% of the same move at 1071.00. The Intermediate term trend will not turn positive until it can get through 1092.00 (23.6%. 38.2%).

Below it, the short term target area is 78.6% at 984.50 and the 977.75 major Gann square, a failure to turn higher from this area will give us only major Gann squares to look for support and then use as the swing point when closed below, the next one is 919.25.

Law of Vibration chart for short term support and resistance

Soybean Meal

Trend Swing Point Target
Long Term 335.00 274.50
Intermediate Term 325.00 274.50
Short Term 305.00 325.00
As of: 3/13/2025, 1:21:48 PM

May

From last week,

The trade below the 299.50 swing point didn't make a new low and the rally from there has now hit 38.2% back to the 1/3/25 high at 305.00 and this will be the key level for the next week.
Use 305.00 as the swing point for the week.

It had a very minor setback below the 305.00 (38.2%) swing point. Not making a new low on the setback from a 38.2% retracement can be considered a good sign and today it closed above 305.00, this level will again be key for the next week.

Use 305.00 as the swing point for the week again.

Above it, The short term target is 78.6% of the same move at 320.50. The long term target is the long term swing point at 335.00.

Below it, The short term target is 78.6% back to the 3/4/25 low at 294.50, a failure to turn higher from this area will give us only major Gann squares to look for support and then use as the swing point when closed below, the next one is 275.50.

Law of Vibration chart for short term support and resistance

Soybean Oil

Trend Swing Point Target
Long Term 44.50 38.59
Intermediate Term 44.50 38.59
Short Term 44.50 41.70
As of: 3/13/2025, 1:24:22 PM

May

From last week,

It failed to hold the 45.35 swing point for the week and that turned all the trends negative. The low this week was just above the 78.6% target at 41.80, this will be the key level for the next week, getting this close we will be using the ONE44 78.6% rule to get the longer term target of 78.6% the other way. 
Use 41.80 as the swing point for the week.

It now has two closes below 78.6% and the swing point for the week at 41.80. This level will again be key for the next week. Getting right back above it and we will use the ONE44 78.6% rule to get our longer term target. Below it the levels remain the same.

Use 41.80 as the swing point for the week again.

Above it, look for 78.6% back to the 2/19/25 high at 46.95 per the ONE44 78.6% rule, this is also a major Gann square. The short term target is 38.2% of the same move at 44.00, a failure to get above this area will be a negative sign and a new low can quickly follow. The long term target area is 61.8% back to the contract high at 51.05 and the 51.55 major Gann square.

Below it, a failure to turn up from 41.80 (78.6%) will give us only major Gann squares to look for support and then use as the swing point when closed below, the next one is 38.59.

Law of Vibration chart for short term support and resistance

Corn

Trend Swing Point Target
Long Term 478.00 425.00
Intermediate Term 472.00 435.00
Short Term 472.00 435.00
As of: 3/13/2025, 1:27:11 PM

May

From last week,

Corn completed the 61.8% (512.00) to 61.8% at 454.00, it had one slight close below it and the next day was right back above it. We will be using the  ONE44 61.8% rule again for the short term target. The rally from 454.00 has already hit 38.2% back to the 2/19/25 high at 472.00 and this will be the key level for next week. Taking out 478.00 turned all the trend negative again, getting right back above 472.00 will change that back to positive.
Use 472.00 as the swing point for the week.

This week's high was 477.50, but it never closed above 472.00 (38.2%). On the positive side the setback from there has been muted and 472.00 will again be the key level for the next week. It needs to get above this level to turn the short term trend positive again. All of the Above/Below remains the same.

Use 472.00 as the swing point for the week again.

Above it, the short term target is the completion of the 61.8% target at 490.00, based on the 61.8% rule. The long term target area is 78.6% to the 2/19/25 high at 503.00 and the 504.75 major Gann square.

Below it, a failure to get above 472.00 (38.2%) is a negative sign and a new low can quickly follow. The target area below is 78.6% of the 8/26/24 low and 2/19/25 high at 436.00 and the 425.00 major Gann square.

Law of Vibration chart for short term support and resistance

Wheat

Trend Swing Point Target
Long Term 628.00 522.75
Intermediate Term 600.00 522.75
Short Term 565.00 535.00
As of: 3/13/2025, 1:30:00 PM

May

From last week,

Wheat made a new low for the year and the next day it was right back above that low and today is just short of 38.2% back to the 2/18/25 high at 565.00 and this will be the key level for the next week.
Use 565.00 as the swing point for the week.

It still has not taken out the 565.00 swing point for the week, on the positive side the first setback from it failed to make a new low and today it hit it again, this will again be the key level for the next week. Above it will turn the short term trend positive, however it has another key level to get above at 587.00, this is a 61.8% and 23.6% retracement.

Use 565.00 as the swing point for the week again.

Above it, turns the short term trend positive and the short term target is 61.8% back to the 2/18/25 high and 23.6% back to the 5/28/24 high. When and if this level is taken out we can then start to use the 23.6% and 38.2% retracements back down to see if the trend will continue. The long term target is the long term swing point at 622.00, this is 38.2% back to the 5/28/24 high.

Below it, the range is tight, but if it can hold 78.6% of the 3/4/25 low and 3/6/25 high at 537.50 it could be the start of the next rally just as it did on 1/27/25. A failure to turn higher from here will give us only major Gann squares to look for support and then use as the swing point when closed below, the next two are 522.75 and 493.50.

Law of Vibration chart for short term support and resistance

Livestock

Cattle

April

From last week,

This week's low hit the top end of the short term target area at the190.25 major Gann square, the rally from it has already hit 38.2% back up to the 1/28/25 high at 196.50 and this will be the key level for the next week.
Use 196.50 as the swing point for the week.
Above it, turns the short and long term positive again. The short term target is 61.8% of the same move at 200.85. The long term target is 78.6% at 203.88, this is also a major Gann square.

The rally above the 196.50 swing point hit the first target of 61.8% at 200.85, it hesitated there, but had no measurable setback and is now just short of the long term target of 78.6% at 203.88, this also major Gann square and it will be the key level for the next week.

Use 203.88 as the swing point for the week.

Above it, there are only major Gann squares to look for resistance and then use as the swing point when closed above, the next two are 210.97 and 218.23.

Below it, the longer term target is 78.6% the other way at 192.50 based on the first target of the ONE44 78.6% rule. The short term target is 38.2% back to the 3/4/25 low at 198.20, holding this level keeps the trend extremely strong and a new high can quickly follow.

June

From last week,

This week's low hit the short term target of the 185.68 major Gann square and has already rallied up to 38.2% back to the 1/29/25 high at 191.35 and the 192.32 major Gann square. The 38.2% level is now both the short and long term swing point and the key level for next week 
Use 191.35 as the swing point for the week.
 Above it, the short term target is 61.8% of the same move at 195.25. The long term target area is 78.6% at 198.00 and the 198.97 major Gann square.

The rally above the 191.35 swing point went right through the short term target of 61.8% at 195.25 and it traded above the long term target area of 78.6% at 198.00 and the 198.97 major Gann square and closed back below 198.97. The key level for the next week is the 198.97 major Gann square.

Use 198.97 as the swing point for the week.

Above it, there are only major Gann squares to look for resistance and then use as the swing point when closed above, the next two are 205.37 and 213.50.

Below it, provided it got right back below the 78.6% level at 198.00 too, the longer term target is 78.6% the other way at 188.20. The short term target is 38.2% back to the 3/4/25 low at 194.35, holding this level keeps the trend extremely positive and a new high can quickly follow.

Feeder Cattle

April

From last week,

The setback this week from 275.55 was $9.00, however it got right back to it with the wild trade this week. Yesterday closed just above 275.55 and this will again be the key level for this week. Without making a new high, or hitting the first support from last week all the Above/Below will remain the same.
Use 275.55 as the swing point for the week again.
Above it, a failure to turn lower from this area will give us only major Gann squares to look for resistance and then use as the swing point when closed above, the next two are 280.20 and 288.80.

The rally above the 275.55 swing point took it to a new high and above the 280.20 major Gann square and it closed below it today, this will be the key level for the next week.

Use 280.20 as the swing point for the week.

Above it, there are  only major Gann squares to look for resistance and then use as the swing point when closed above, the next two are  288.80 and 297.75.

Below it, the short term target is 23.6% back to the 9/9/24 low at 268.85. The long term target is the long term swing point at 260.75, this 38.2% of the same move. Any setback that can't get below 38.2% back to the 2/11/25 low at 274.85 is extremely positive and a new high can quickly follow.

Lean Hogs

April

From last week,

Failing to hold 86.40 turned the long term trend negative and this week's low hit the short term target area of the 81.47 major Gann square and 61.8% at 81.10. With 81.10 being a 61.8% retracement we will use the ONE44 61.8% to get the upside target of 61.8% the other way. It has already hit 38.2% back to the high at 86.07, this is also a major Gann square and it will be the key level for the next week. 
Use 86.07 as the swing point for the week.
Above it, look for it to complete the target of 61.8% back to the 2/12/25 high at 89.40 based on the ONE44 61.8% rule. There is also...

The move above the 86.07 swing point fell short of the 61.8% target at 89.40 and is now back below 86.07, with this being a major Gann square and a 38.2% retracement it will be the key level again for the next week.

Use 86.07 as the swing point for the week.

Above it, look for it to complete the target of 61.8% back to the 2/12/25 high at 89.40 based on the ONE44 61.8% rule. The long term target is 78.6% back to the 2/12/25 high at 91.70.

Below it, staying below 86.07 turns the short and long term trend negative and the short term target 78.6% back to the 3/4/25 low at 82.40. The long term target is the 77.80 major Gann square and 78.6% back to the 8/13/24 low at 77.40. 

June

From last week,

June also hit the area of 61.8% back to the August low at 93.70 and the 92.36 major Gann square. The 61.8% level will be the key level for the next week. 
Use 93.70 as the swing point for the week.
Above it, The long term target is 61.8% back to the 2/18/25 high at 100.85 based on the ONE44 61.8% rule. The short term target area is 38.2% of the same move at 97.50 and the 97.89 major Gann square, a failure to get above this area keeps the short and long term trend negative.

For four days the market sat above the 97.89 major Gann square, but had no follow through and was way short of the 61.8% target, it is now back below 97.89 and this will be the key level for the next week.

Use 97.89 as the swing point for the week.

Above it, look for it to complete the 61.8% (93.70) to 61.8% target at 100.85. The long term target area is 78.6% of the same move at 103.35 and the 104.30 major Gann square.

Below it, the short term target is 78.6% back to the 3/4/25 low at 93.60. The long term target is 78.6% back to the 8/13/24 low at 90.20.

Have a Great Weekend!