FOR FRIDAY: (9/8) Waiting on the hurricane. How much Southeastern crop harvest has been put into the price already? Patterns suggest higher prices into Tuesday so we’ll assume more is coming. Cattle are a sale for a week but getting a good risk/reward will be tricky.
NOV. SOYBEANS (electronic ok)
TODAY’S COMMENTS: (9/8) Market couldn’t take out 979 but it should come out over the weekend. Support at 966.50 and 959.50 if you want to buy for 983. If the hurricane moves out to sea (praying!), then concerns about damage will lead to a selloff on Sunday night. The chance for 1003 is stronger into early next week.
CYCLES OVERVIEW: Recovering into Sept. 12.
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