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This newsletter is my sales tool. If you like my ideas
and want to act on them, I would obviously appreciate
having some of your trading done here with me.
For more info or consultation…
Landline 770-425-7241
Cell 770-366-3070
Also…If you would like to
receive my free research at the same time it is published, contact me and I
will add your name to my email list.
Thanks…Bill Rhyne
April 23, 2026
Very Bullish Cotton & Wheat
I CONTINUE TO VIEW ALL FOUR ROW CROPS AS A
COLLECTIVE BUY, USING “UNITS” COMPOSED OF 1 JULY CALL IN CORN, COTTON,
SOYBEANS & WHEAT.
MY RECENT EMPHASIS HAS BEEN, AND STILL IS, ON COTTON
& WHEAT…WITH MY EXPECTATION BEING THAT THEY MIGHT BE “FIRST OUT OF THE GATE”…WHICH HAS BEEN THE OBVIOUS CASE IN COTTON…AND I
STRONGLY BELIEVE IS ABOUT TO BE THE SAME IN WHEAT.
Cotton has been flying, putting in a roughly 16 cent
(24%) move since early March. On Tuesday (2 days ago) I exited into
strength with the idea that some sort of 2-3 week
consolidation should be coming, but after watching July swing down a
HARD 4 cents in less than 36 hours, I began reinstating long positions this
morning…and NOW RECOMMEND BUYING CALLS AGAIN IN THE JULY CONTRACT.
As I have noted throughout the move up, my perception
has been that NOBODY in the Cotton world was the slightest bit bullish…that
the entire industry was absolutely convinced that the “fundamentals” were
bearish and that even rallying 2-3 cents was almost an impossibility…which
is, in this mob psychology GAME…exactly when bull moves frequently get
going…And remarkably, even with he strength the
market has shown,. I STILL see nothing but bearish attitudes everywhere,
which I continue to regard as unquestionably bullish. Maybe I’m dead wrong,
but I CONTINUE TO
THINK JULY IS HEADED STRAIGHT UP FROM HERE WITH A TARGET, MINIMALLY, OF THE
MID-90’S
This option looks dirt cheap to me…
Wheat looking VERY bullish to me…
I think Wheat is looking VERY much like Cotton 6 weeks ago…And
compared to Corn and Soybeans, I think it has an IMMEDIATLEY MORE EXPLOSIVE
LOOK than them…leading me to a hold a perspective of, “DON’T BE OUT,”
and understand that any given day can suddenly see it leaping out of here
in 20-25 cent daily increments. Aside from the fact that the War has become
a major problem for crop fertilizer production and availability, the big
thing may be that
dry weather is trending towards the crisis stage in the Great Plains…with
statistical comparisons now being made to the miniscule rainfall levels
that preceded the 1934 Dust Bowl…which, in an understatement, would be
catastrophic for the Wheat crop…and wildly bullish for prices.
I CONTINUE TO RECOMMEND
BUYING JULY 2026 WHEAT CALLS…
I am buying this option as well as further
“out of the money’s.”
Contact me if anything
here interest you…or if you just want to talk.
Thanks,
Bill
Now on X - @CrokerRhyneCo
770-425-7241
866-578-1001
All
option prices in this newsletter include all fees and commissions. All
charts, unless otherwise noted, are by Aspen Graphics and CRB.
FUTURES
TRADING IS NOT FOR EVERYONE. THE RISK OF LOSS IN TRADING CAN BE
SUBSTANTIAL. THEREFORE, CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE
FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. PAST PERFORMANCE IS NOT
INDICATIVE OF FUTURE RESULTS. THERE IS NO GUARANTEE YOUR TRADING EXPERIENCE
WILL BE SIMILAR TO PAST PERFORMANCE.
The author of this piece currently trades for his own
account and has a financial interest in the following derivative products
mentioned within: Cotton, Wheat, Corn, Soybeans
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