Grains could be down hard Sunday/Monday

FOR MONDAY: (6/19) Can wheat continue to lead the way when corn and beans will be ok? We hate going into these weather weekends and have to use big stops to deal with the craziness on the news. The speculative cycle that topped grains last year is due right here so even if there’s a…


Read More

Top-picking until at least Sunday

FOR FRIDAY: We missed a speculative cycle into Friday which last has caused the major cycle top last June and we think it is probably repeating. That will have us cautious top-picking until at least Sunday. JULY SOYBEANS (electronic ok) SWING TRADING RECOMMENDATION: Hold July bean shorts from 938 with a 946.50 stop. TODAY’S COMMENTS:…


Read More

Beans stay strong

FOR WEDNESDAY: (6/7) Soybeans were higher on commercial and technical buying. Demand’s good and old crop/new crop spreads were a factor, but there’s a long way to go in the growing season and a lot of uncertainty about acreage. U.S. planting and development are close to average, with the first condition rating of the season…


Read More

Focus on weather, planting progress

FOR TUESDAY (6/6) The trade was watching the U.S. planting pace with a mixed forecast for the Midwest and Plains over the next few days. As of Sunday, 83% of U.S. beans are planted, compared to the five year average of 79%, and 58% have emerged, compared to 59% on average. No states have officially…


Read More

Hogs a buy on dips

FOR MONDAY: (6/5) Wheat harvesters this week said yields in Texas and Oklahoma were lower than expected and some fields were grazed by cattle instead of allowed to mature. Forecasts keep scattered showers and cool weather in the Midwest the next few days. The latest 6- to 10-day outlook (June 8-12) is dry but cool…


Read More

Cattle too strong to sell

FOR THURSDAY: (6/1) Usually meats and grains are lower on Thursdays but not clear on grains this week. First-the-month fund buying may lift some oversold conditions for bargain hunters. Hogs aren’t done enough to sell and cattle are too strong to sell.


Read More

Ag markets moving toward position squaring

FOR WEDNESDAY: (5/31) Corn opened sharply higher as the ping-pong match continues between 376 and 366. Markets were overdone on Tuesday and a bounce here is healthy. Downward patterns weren’t quite completed for wheat and beans so we’re open for another thrust lower. Cattle liked news out of China but still may be in trouble…


Read More

Friday’s rallies may begiven back early in the week into May 31

FOR TUESDAY: (5/30) Will the trade focus on the wetter Eastern corn belt which pushed the market up last week or the drier and warmer weather by the end of the week? I suspect that Friday’s rallies will be given back early in the week into May 31 but it does seem that prices may…


Read More

Focus on weekend weather

FOR FRIDAY: (5/26) Fridays before long weekends can be rather sideways. We have to wait for Monday’s weather to get any new surprises out of the market and while we have weekend rain, not sure the market cares that much more given that it only could push corn up to 375 earlier in the week….


Read More

Hogs not done until 8290-8300

FOR THURSDAY: (5/25) We had a bias toward higher grains on Thursday and they usually are not higher this day. Cattle in transition and have to leave it alone and if you want to gamble on a weak reaction to the report for Friday, get in on Friday. Hogs not done until 8290-8300 comes in.


Read More