Grains should be sharply lower into Wednesday

FOR MONDAY: (2/26) Not sure we learned anything from Friday’s action, with beans making a slight new high on the week but just by a hair get someone’s stop. Market should be sharply lower into Wednesday so that may mean the weather will shift so be protective; it may be that we have to sell…


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Cycles for grains seem positive on Friday

FOR FRIDAY: (2/23) USDA opened its annual Agricultural Outlook Forum with some 2018 grain acre projections, which includes slightly lower corn and soybean acres this year, with wheat acres an estimated 500,000 acres higher than 2017. No major curveballs were thrown, allowing traders to make small technical adjustments on other market factors. Cycles for grains…


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Grains often lower on Thursdays

FOR THURSDAY: (2/22) Grains are often lower on Thursdays, and a pullback may be in order but still could make new highs for beans on Friday and into Sunday. Cattle have a low on Thursday and a recovery on Friday, and hogs are probably a sale by Friday but need to complete research.


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Have to buy grain dips

FOR WEDNESDAY: (2/21) Grains reacting to dry SA weather forecasts and probably will be supportive another week and possibly longer. Have to buy grain dips. Meats look like they may be overbought by Tuesday and be a light sale for a few days, and we’ll take profits on short hogs.


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Grains reacting to dry SA weather forecasts

FOR TUESDAY: (2/20) Grains reacting to dry SA weather forecasts and probably will be supportive another week and possibly longer. Have to buy grain dips. Meats look like they may be overbought by Tuesday and be a light sale for a few days, and we’ll take profits on short hogs.


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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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