FOR MONDAY: (11/6) We ‘re open to higher prices Sunday and Monday and then we get pre-USDA report congestion with the next report on Nov. 9. Cattle have a cycle high on Monday and look like a pattern completion is in and may come off the rest of the week from the recent absurd run.
JAN. SOYBEANS (electronic ok)
TODAY’S COMMENTS: (11/6) Market hit key resistance at 1000.75 and pulled back. Unless it takes out 975, we won’t get a sell signal and cycles point to a buy early in the week. Still might see 1003.50 or 1010. Will buy Monday if the market behaves on Sunday night.
CYCLES OVERVIEW: Higher Sunday/Monday.
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