Three-day weekends always precarious

FOR FRIDAY: (2/16) Three-day weekends are always precarious with South American and winter weather for wheat, and it’s usually safer to stand aside. Will go with pattern analysis but it’s possible that beans will be complete at 1031-2, and wonder if we will get a sell the fact or a big reversal if weather patterns…


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Wednesday a transition day

FOR WEDNESDAY: (2/14) Wednesday is a transition day, and grains would squeak out secondary highs or slight new highs but should turn lower on Thursday. Cattle cycles are positive but not liking the look of the charts and will observe for a day. Hogs not looking great. Volatility has been difficult for us to deal…


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Weather still driving grains

FOR TUESDAY: (2/13) We were wrong in expecting lower grains on Monday, as weather trumped all other factors. Now thinking that grains are higher on Tuesday into Wednesday. Upward momentum with weather seems rather strong and we think it will continue into the end of the week.


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Grain cycles look lower into Tuesday

FOR MONDAY: (2/12) Grain cycles look lower into Tuesday. We think markets are overdone and due for some kind of correction for at least 2-3 days but if the move isn’t impulsive, we’ll have to get out and expect a recovery to new highs for wheat, and corn may get dragged along. Cattle should have…


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Grain cycles look lower into Tuesday

FOR FRIDAY: (2/9) Grain cycles look lower into Tuesday, with Friday having the best chance of a move up if weather changes. We think markets are overdone and due for some kind of correction for at least 2-3 days–but if it’s not impulsive, we’ll have to get out and expect a recovery to new highs…


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Wheat hit key target

FOR THURSDAY: (2/8) USDA report on Thursday has the market a bit overbought on weather, and the reality of fundamentals could send it spinning lower into Friday. Wheat hit key target also but funds may push it much higher, and we hate chasing these markets around reports. Upper targets starting to come in.


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SA weather markets are back.

FOR WEDNESDAY: (2/7) SA weather markets are back. Argentina weather continues to be a key grain market mover this winter, as a fresh set of slightly drier forecasts handed out double-digit gains for soybean futures, with corn prices seeing a moderate bounce as well. Wheat prices also finished higher on U.S. weather woes – namely,…


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Trade looking to Thursday’s USDA report

FOR TUESDAY: (2/6) We completed cycle work and most cycles point lower for grains all of this week. Trade looking to Thursday’s USDA report, which is early on the month. Crude oils is issuing an early sell signal and coming off with US stocks and not a healthy event with spillover.


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Most grain cycles point lower next week

FOR MONDAY: (2/5) We completed cycle work and most cycles point lower for grains all of next week. We’re dealing with weather and it can shift a lot over the weekend. At the moment the bean bears are looking to rains coming in after a dry spell ends. The wheat bears also see more rain…


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