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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Number of turns due here for a pullback

FOR FRIDAY: (2/2) Poor U.S. exports and the prospects for improved Argentina weather pulled soybean futures down a second consecutive day, with “spillover” to blame for mixed wheat results, and with corn ending slightly higher after another choppy day. Grain markets are a bit overbought and we have a number of turns due here for…


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Grain markets a bit overbought

FOR THURSDAY: (2/1) Grain markets are a bit overbought and we have a number of turns due here for a pullback into at least Monday and possibly a bit longer. Not sure if the bull market in wheat will end, and we expect more problems with Brazil later in the month so not sure we…


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Not sure if the bull market in wheat will end soon

FOR WEDNESDAY: (1/31) Grain markets are a bit overbought but there is a climax cycle on Wednesday and the chance for profit-taking setting in before the month-end positioning by funds will increase volatility. Market could turn lower into Monday. Not sure if the bull market in wheat will end soon, and we expect more problems…


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30-day cycle is higher on Tuesday

FOR TUESDAY: (1/30) Funds continuing to want to buy and are supported by weather. The 30-day cycle is higher on Tuesday and with cycles inverting, if there’s to finally be a reversal, it may not be starting until Thursday. Still a lot of mixed signals but the momentum is there and we won’t fight longs…


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Grains should hold up into early Wednesday if not down hard Sunday/Monday

FOR MONDAY: (1/29) Waiting on weekend weather. If grains aren’t down hard on Sunday night or Monday, they should hold up into early Wednesday before month-end profit-taking will hit hard and a major cycle is due. COF report looks bearish with placements higher than expected and market is overbought going into it.  Cold storage for…


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