Grains usually higher Thanksgiving week

FOR MONDAY: (11/20) The week of Thanksgiving is usually higher for grains and we can still buy for a few days still and usually they’re higher through the first party of Thanksgiving week. Cattle on Feed report was bearish but will be hard to get in but may get a chance with lower action for…


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Trade awaiting Cattle on Feed report

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.


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Grains looking higher into early next week

FOR THURSDAY: (11/16) Wheat was the only one to break harder today and hit the minimum exit but we did make money on the rest of short grains. Starting to see these markets higher into early next week. Hard to bottom-pick a bear so we’ll observe until the morning.


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Grains getting close to seasonal low

FOR WEDNESDAY: (11/15) Getting close to the seasonal low for grains before Thanksgiving. It may come in by the close of Wednesday, as some cycles look higher now from Thursday into Tuesday. We’re covering Dec. grain hedges to be safe. Meats are in trouble but hogs due for a 1-2 day bounce.


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Meats due for a few-days bounce

FOR TUESDAY: (11/14) Meats are due for a few days bounce but it may not mean much. Grains look weaker a few more days and beans fell enough to turn charts and start projecting a seasonal low toward 946 by Thanksgiving. Continue to use any strength to get short.


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Grain cycles look weak into Wednesday

FOR MONDAY: (11/13) We had counted on more downward action on Friday but didn’t get much. The 29/30 day cycles are weak into Wednesday and seasonals are lower usually after the USDA report but Monday could be volatile and whippy if any bullish news comes out. We won’t panic about shorts given seasonals. Cattle are…


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Grains look lower on Friday

FOR FRIDAY: (11/10) Grains look lower on Friday and there still may be some money to be made but not sure we can hold on if we do get filled very long. Cattle cycles look weaker into the open of Monday but turn volatile.


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Grains oversold going into USDA report

FOR THURSDAY: (11/9) Grains are oversold going into the report and patterns could allow 434 on Dec. wheat and pull corn up and beans are close to a key high. Seasonal pressure till Thanksgiving dominates so we have to use strength to get short. Market looks lower into Friday but then looks like it will…


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Get prepared for last hedges, spec sales

FOR WEDNESDAY: (11/8) Pre-report congestion may take over the market. Will we have to wait until the report to squeeze out pattern completion to 1003 on beans? Cycles turn weak toward the end of the week and we won’t wait around. May be tough choppy trade here and we may have to step aside until…


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