Looking to buy beans

FOR TUESDAY: (8/1) While speculators can have a bias toward being long grains into Thursday with seasonal patterns and cycles, there’s no reason to step in early. We probably can buy any weakness tonight or wait to buy with the funds on Tuesday. This is just an oversold play but patterns and confirmations for buys…


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Beans have completed enough downside to negate new sales

FOR MONDAY: (7/31) Beans have completed enough downside to negate new sales. We have to think that could bleed into corn and even if we want to see lower prices to 355 on Dec. corn, we probably have to get through a congestive week of choppy action and not sure when it will break. We…


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One more chance for weaker prices on Friday

FOR FRIDAY: (7/28) We-re approaching end of the month, and fund short-covering may continue. We have one more chance for weaker prices on Friday and then we’re concerned that Monday and next week will be up and will start a 3-week August countertrend summer rally. Hogs are sluggish also and cattle seem a bit thin…


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One more chance for weaker grains on Friday

FOR FRIDAY: (7/28) We-re approaching end of the month, and fund short-covering may continue. We have one more chance for weaker prices on Friday and then we’re concerned that Monday and next week will be up and will start a 3-week August countertrend summer rally. Hogs are sluggish also and cattle seem a bit thin…


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Grains to head lower for a few more days

FOR THURSDAY: (7/27) Should see grains head lower for a few more days but very oversold. We’re still open to selling beans and corn but wheat is too close to key support at 469.50. Cattle are often down on Thursdays and hogs still have a chance to reach to 8340. 


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Grains may get a minor bounce on Wednesday

FOR WEDNESDAY: (7/26) May get a sick, minor bounce on grains on Wednesday but inclined to expect weaker prices into Thursday and Friday. We would continue to sell rallies but probably have to take profits on shorts by Friday/Monday.


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Hogs look higher after a 3-wave fall

FOR TUESDAY: (7/25) Crop reports were worse than expect and that might give us a bounce to get short. Too much technical damage was done on Monday to negate deeper price falls into Friday. If we get a bounce on cattle, look to sell. Hogs look higher after a 3-wave fall that has held 8000.


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Grains look higher Sunday night

FOR MONDAY: (7/24) Grains were lower on schedule on Friday. Sunday night looks higher and Monday lower but corn had a technical breakdown closing under the 20-day moving average. Beans are of course stronger and more vulnerable.


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Weather could get beans up to 1061 by Sunday

FOR FRIDAY: (7/21) The longer-term weather seems somewhat dire with the drought monitor and that might be enough to get beans up to 1061 by Sunday but we never trust weather news. Corn may go along for the ride. We originally had cycles pointing lower on Friday for grains and we know how quickly weather…


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Look to take profits on long grains by morning

FOR THURSDAY: (7/20) We should see grains recover into the close of the night session but then they look like they turn lower into Friday. Hard to get away with longs in late July and they often sell the bad weather—which is very real. We would take profits on grain longs by the morning and…


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