FOR FRIDAY: (11/17) Trade waiting on the Cattle on Feed report. Not expecting much from grains but some short-covering could happen if the trade is worried about delays in harvest. Boring activity. Usually the Monday before Thanksgiving is a buy.
DEC. CORN (electronic ok)
TODAY’S COMMENTS: (11/17) Not in a rush to do anything. While a light buy on March corn may be in order soon, in case we get any last-minute harvest pressure that takes Dec. to 333, we might as well be patient. Seasonal rally is strongest starting Dec 1st and sometimes the week after Thanksgiving can give it up. We see that potential and will be patient.
CYCLES OVERVIEW: Higher Friday into Monday.
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