Weekly Grain/Livestock Update 3/27/25

Weekly Grain/Livestock Update 3/27/25
Photo by Roger Starnes Sr / Unsplash

Overview

Grains

The highs for the month of March all ran into 38.2% retracements keeping the short term trend negative. When using the ONE44 38.2% rule we would be looking for new lows to keep the current trend intact, however we watch all the retracements on every move to see just how weak, or strong the market is regardless of the longer term target.

In Soybeans it hit 1031.00, this was also a major Gann square. It has attempted to make a new low from there twice, once on 3/12/25 and then this week, it had a couple closes below the 1008.00 (61.8%) swing point, but failed to make a new low and closed back above it today.

Corn traded above 472.00, but never closed below it. Today's low hit the short term target of 78.6% back to the 3/4/25 low at 450.00, provided it holds this level it can be the start of the next leg up.

Wheat had one close above 565.00 (38.2%), however the next day it was right back below it and it is the only one so far to make a new low from the 38.2% retracement so far. It failed to hold the 78.6% level at 540.00 and the possibility of the next rally. This week they took out the 3/4/25 low and held above the 522.75 major Gann square and now closed back above 530.00. Making a new low and closing back above it can cause a quick rally.

Livestock

We did a special update for Live & Feeder Cattle on Sunday after the big spike up and then closing sharply lower on Friday.

In both Live and Feeders they hit major Gann squares above and these levels can have a longer term negative effect, however so far are holding the tightest retracements keeping the trend positive for now.

Live Hogs could not get a close above the 97.89 major Gann square and swing point for the week and are now approaching the short term target of 93.60 (78.6%).


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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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