Cattle overbought ahead of COF

FOR WEDNESDAY: (1/24) Have to get a bit more aggressive chasing short grains but they are still subject to weather. Seasonally one wants to be short the third week of January into early Feb. and cycles do look weak. Cattle have been subjected to winter conditions but should get some sell the fact action happening…


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Have to be patient for key numbers to come in

FOR TUESDAY: (1/23) Missed fills on Monday and have to be patient for key numbers to come in. Need to complete research around cycles later in the week so will work on that the next few days. Not seeing anything exciting unless we can get key numbers fulfilled.


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Grains look a bit overbought

FOR MONDAY: (1/22) Grains look a bit overbought with topping action due by Sunday night and then lower action into Wednesday. Seasonally, they often turn down after Jan. 20 but not sure ideal price patterns will come in. Meats also look like topping action will hit on Monday and be followed by lower prices into…


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Some minor weather supporting Argentine corn prices

FOR FRIDAY: (1/19) Some minor weather supporting Argentine corn prices and it’s welcome, and wheat may get pulled up in the process. We originally had higher grains into Monday and will stick with that forecast. Cattle also looking good into Monday. MARCH CORN (electronic ok) TODAY’S COMMENTS: (1/19) We’re open to 357 or 359 coming…


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Cattle looking good into Monday

FOR THURSDAY: (1/18) Some minor weather supporting Argentine corn prices and it’s welcome, and wheat may get pulled up in the process. We originally had higher grains into Monday and will stick with that forecast. Cattle also looking good into Monday. MARCH CHICAGO WHEAT (electronic ok) TRADING RECOMMENDATION: Wait for morning comments. TODAY’S COMMENTS: (1/18)…


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Beans worth buying, not corn, wheat

FOR WEDNESDAY: (1/17) We think beans are worth buying but won’t touch corn or wheat. Cycles are positive for meats into Friday and next Monday but have to be careful with their volatility. MARCH CORN (electronic ok) TRADING RECOMMENDATION: Stand aside. TODAY’S COMMENTS: (1/17) Can’t get too excited here. Corn held key support at 345-46…


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Oversold conditions for meats, grains should create recoveries

FOR TUESDAY: (1/16) Forecasts call for below normal temps next week and oversold conditions for meats and grains should create recoveries into next Friday. Given bearish grain reports, hard to be too aggressive buying, and beans are too much off of their lows to have a good risk/reward so we’ll see how they come in…


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Trade willing to throw beans off a cliff as SA weather improves

FOR FRIDAY: (1/12) Not sure we learned much on Thursday except that the trade is willing to throw beans off a cliff as SA weather improves. Trade waiting on USDA report for Friday. Grain cycles look like short-covering will happen now and then next week looks higher for grains. Cattle also seems in trouble for…


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Hogs in trouble into Monday

FOR THURSDAY: (1/11) Trade waiting on USDA reports at the end of the week. Grain cycles look like short-covering will happen now and then next week looks higher for grains. Cattle also seems in trouble for a few more days into Friday or part of Monday. Hogs also in trouble into Monday.


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Cattle showing some short-covering life

FOR WEDNESDAY: (1/10) Trade waiting on USDA report at the end of the week. Still, cycles are weak a few more days before short-covering starts. Cattle also seems in trouble for a few more days into Friday but showing some short-covering life and we’ll have to move stops lower.


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