Corn most likely to bounce

FOR FRIDAY: (6/22) Corn is the most vulnerable to the upside because of pollination, and that is starting to issue a buy signal. Wet weather is starting to reduce yields. Getting closer to Cattle on Feed for Friday, and that can get dicey. We hope we get enough downward momentum to make money on our…


Read More

29-day grains cycle weak on Thursday

FOR THURSDAY: (6/21) Thursdays are often lower for grains and the 29-day cycle is weak. There should be a day-trade sale in the morning, and it could turn into a secondary low into Monday. Corn is the most vulnerable to the upside because of pollination, and that is starting to issue a buy signal. Getting…


Read More

Chart action suggests start of a climax for grains

FOR WEDNESDAY: (6/20) Chart action suggests the start of a climax, as fundamental value was hit and exceeded. Some key numbers were hit and big bounces off the lows happened. Grains look higher on Wednesday but secondary lows are likely into Monday and then short-covering before USDA stocks report next week.


Read More

Grain cycles suggest a bounce for a few days

FOR TUESDAY: (6/19) There’s slight improvement in the U.S. corn crop. As of Sunday, the USDA National Ag Statistics Service says the crop is 78 percent good to excellent. That’s a percentage point better than a week ago. The condition of the soybean crop is down a percentage point from last week at 73 percent…


Read More

Grains oversold, due for a 2-3-day bounce

FOR MONDAY: (6/18) Will Chicago traders trade the experience of 90’s over the weekend or look ahead to a break in the weather mid-week? Markets are oversold and due for a 2-3-day bounce but then looks lower into June 25. Hogs may retrace a day but look higher much of next week, as does cattle.


Read More

Corn close to 360 key support

FOR FRIDAY: (6/15) If you wait long enough, your numbers will come, and we all got faked out by Tuesday’s report action that triggered buy signals and then they flushed everyone down the drain. Absurd target from earlier in the week came on beans at 923 and corn is close to 360 key support and…


Read More

Beans in a death spiral

FOR THURSDAY: (6/14) We have looked for a recovery into Monday but it may be in 3 waves. Not sure stocks numbers are good enough to negate excellent corn but oversold conditions will allow a bounce. Wheat retraced much more than makes us happy and beans are in a death spiral but closer to extended…


Read More

Oversold conditions may allow for a grains bounce

FOR WEDNESDAY: (6/13) We have looked for a recovery into Monday but it may be in 3 waves. Not sure stocks numbers are good enough to negate excellent corn but oversold conditions may allow a bounce. Beans look terrible and wheat is crazier than I’ve seen in years so not going to touch it on…


Read More

Still open to much lower grain prices

FOR TUESDAY: (6/12) Another USDA report day and they are often turning points. That’s particularly so this time with very oversold conditions and cycles suggesting a recovery into June 18. There‘s reason to take profit on shorts and hedges and then we will re-evaluate by June 18. We’re still open to much lower prices, as…


Read More

Grain recovery into at least June 18 likely

FOR MONDAY: (6/11) Oversold conditions from last week should lead to a recovery into at least June 18 for grains. Short-covering should start sometime by Monday night at the latest, and the trade is concerned about the USDA report on Tuesday, which has to have pleasant surprises given oversold conditions.


Read More