Cattle look higher on Wednesday

FOR WEDNESDAY: (7/5) We dread the 4th of July weekend. Weather going in is bullish and some cycles point higher into Friday but usually if you get something on by July 4th you do well in the long run. Buy Dec. 400 puts or Nov. 950 puts may be one way to play it and…


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Sell and hedge before July 4th

FOR MONDAY: (07/03) We’ve seen this cycle happen before July 4th where the market gets all excited and then falls apart after the holiday. The fundamentals for North Dakota shouldn’t spill over into beans and corn but the funds like to play this game and are not farmers. The gift is higher prices for bean…


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Trade waiting on USDA reports

FOR THURSDAY: (6/29) Trade waiting on the USDA report and end of the month fund position squaring. Weather looks good going into the weekend and the 4th of July unless rain disappoints. Weather may warm up in July so not sure how much more we can hold shorts past July 5, as we could get…


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Grains lower into Sunday, cattle in trouble

FOR WEDNESDAY : (6/28) We’re going to start selling more Dec. corn and Nov. beans as a fall into Sunday night seems pretty clear and the bounce may have worked out oversold conditions. Cattle are in trouble and can be sold and also hogs. Cycles are very volatile so watch markets carefully the next few…


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Can wheat continue to lift corn, beans?

FOR TUESDAY : (6/27) Not sure if wheat will pull the rest of the complex up but we would like to see lower grains before taking more profits off. We have to roll out of July soon and into Nov. beans and Dec. corn anyways and will pull some profits off so we can rollover.


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Cattle oversold

FOR MONDAY: (6/26) Would expect a climax in lower prices for grains by Sunday night/Monday and then some short-covering into the report or at least a bounce into Wednesday. Time to take partial profits but just not looking good for a positive report on Friday or into a July 3 cycle. Cattle on Feed report…


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Cattle overdone ahead of COF

FOR FRIDAY: (6/23) Always nice to take profits before weekend and livestock reports. Possible that a final push down by Sunday or early Monday will be followed by a bounce going into the USDA report next week. In the end the crop looks good and rains and coolness will continue to be supportive. Market overdone…


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Continue to expect grain weakness

FOR THURSDAY: (6/22) We would continue to expect grain weakness but keep an eye on European weather and how much rain hits the Delta in case short-covering comes out of nowhere. Short-covering likely by Friday before the COF report also.


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Wheat weather in focus

FOR WEDNESDAY: (6/21) The trade is already playing the latest storms so not enough rain and they would go up. We’re at the point in the season where things usually fall apart and grains came off enough, except for wheat to suggest that’s the case so we may have to jump on more shorts tonight….


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Use rallies Tuesday night/early Wednesday to add shorts, hedges, cash sales

FOR TUESDAY: (6/20) Crop conditions report showed a 4-point fall in wheat conditions and it might allow some spillover buying to corn and beans and get those market higher into late Tuesday or early Wednesday so that we can sell. Grains opened higher but maybe only wheat can run away and use rallies into Tuesday…


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