Grain cycles weak a few more days

FOR TUESDAY: (1/09) 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. MARCH CHICAGO WHEAT (electronic ok) TODAY’S COMMENTS: (1/9) Patterns suggest a bounce to 433 and 424 has held. That still…


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Cattle lower into Monday, maybe Wednesday

FOR FRIDAY: Our cycle work has grains and cattle turning lower into Monday or even Wednesday of next week. Pray for the East coast with their latest storm. Too much suffering these past few winters for them. All of this will drive energy costs up which may eventually help farmers next summer. MARCH SOYBEANS (electronic…


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Grain cycles are at odds next week

FOR TUESDAY: (12/26) We always worry about people heading for the exits and conditions turning thin this week. The later in the week it gets, the more difficult it will get to keep stops in place or deal with huge orders that can move the market wildly. We tend not to trade much during the…


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Higher grains much of next week after Tuesday

FOR FRIDAY: (12/22) We always worry about people heading for the exits and conditions turning thin this week. The later in the week it gets, the more difficult it will get to keep stops in place or deal with huge orders that can move the market wildly. We tend not to trade much during the…


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Cycles the week after Christmas looks mostly lower

FOR THURSDAY: (12/21) We always worry about people heading for the exits and conditions turning thin this week. The later in the week it gets, the more difficult it will get to keep stops in place or deal with huge orders that can move the market wildly. We tend not to trade much during the…


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Still favoring shorts

FOR WEDNESDAY: (12/20) We looked closely at cycles and they are rather complicated and intense and we would rather trade off of patterns. We do still favor shorts. Beans are rather oversold and wheat is the clearest sale if you need to do something. We always worry about people heading for the exits and conditions…


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Will wind down positions

FOR TUESDAY: (12/19) We always worry about people heading for the exits and conditions turning thin this week. The later in the week it gets, the more difficult it will get to keep stops in place or deal with huge orders that can move the market wildly. We tend not to trade much during the…


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Weak grain cycles should end Sunday night

FOR MONDAY: (12/18) The worst of the weak cycles should be over on Sunday night and we should at least get a bounce for a few days before new shorts set up on grains. Cattle look lower the first few days of the week and hogs aren’t clear. We find that meat markets get very…


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Meats look higher on Friday

FOR FRIDAY: (12/15) Not much happening. Larger cycle into Friday is friendly for grains but not expecting much. Market starting to set up for pre-holiday position squaring as the pits and computers empty out for Christmas. We found a weak cycle for many markets into Friday and it may negate the original friendly cycle that…


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Weak cycle for many markets into Friday

FOR THURSDAY: (12/14) Not much happening. Larger cycle into Friday is friendly for grains but not expecting much. Market starting to set up for pre-holiday position squaring as the pits and computers empty out for Christmas. We found a weak cycle for many markets into Friday and it may negate the original friendly cycle that…


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