Mixed grain cycles ahead

FOR FRIDAY: (6/29) Trade gearing up to a long holiday week and Friday’s USDA report. While we favor longs into Sunday/Monday, we could get lots of craziness first on Friday and Monday. Minor cycles are weak but the larger cycles are supportive and may allow a recovery if we get any movement lower on bearish…


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Favoring long grains into July 10

FOR THURSDAY: (6/28) Trade gearing up to a long holiday week and Friday’s USDA report. While we favor longs into July 10, we could get lots of craziness first on Friday and Monday and won’t position ourselves. So far, it’s a great crop except for too much rain in some areas.


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Nothing bullish in the forecasts

FOR WEDNESDAY: (6/27) Nothing bullish in the forecasts. We think grains will short-cover before the USDA but will be hard to hold anything into the weekend. We have a bias for higher prices next week but the seasonal odds are usually against us. Cattle continues to look weak but as pre-holiday conditions thin, anything can…


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Not seeing a huge downside potential for corn

FOR TUESDAY: (6/26) Grains look lower 1 more day followed by short covering into Friday. New research on cattle suggests lower into Wednesday if not into early next week. Grains do look higher the first week of July overall so the worst may be over if the market can do secondary lows this week and…


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Grains look lower Monday/Tuesday

FOR MONDAY: (6/25) Corn is the most vulnerable to the upside because of pollination, and that is starting to issue a buy signal. Some hope for grain bulls if we get hotter temperatures in July and weird weather patterns. Markets are so beat up they really have to factor in pollination so the path of…


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Corn most likely to bounce

FOR FRIDAY: (6/22) Corn is the most vulnerable to the upside because of pollination, and that is starting to issue a buy signal. Wet weather is starting to reduce yields. Getting closer to Cattle on Feed for Friday, and that can get dicey. We hope we get enough downward momentum to make money on our…


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29-day grains cycle weak on Thursday

FOR THURSDAY: (6/21) Thursdays are often lower for grains and the 29-day cycle is weak. There should be a day-trade sale in the morning, and it could turn into a secondary low into Monday. Corn is the most vulnerable to the upside because of pollination, and that is starting to issue a buy signal. Getting…


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Chart action suggests start of a climax for grains

FOR WEDNESDAY: (6/20) Chart action suggests the start of a climax, as fundamental value was hit and exceeded. Some key numbers were hit and big bounces off the lows happened. Grains look higher on Wednesday but secondary lows are likely into Monday and then short-covering before USDA stocks report next week.


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Grain cycles suggest a bounce for a few days

FOR TUESDAY: (6/19) There’s slight improvement in the U.S. corn crop. As of Sunday, the USDA National Ag Statistics Service says the crop is 78 percent good to excellent. That’s a percentage point better than a week ago. The condition of the soybean crop is down a percentage point from last week at 73 percent…


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Grains oversold, due for a 2-3-day bounce

FOR MONDAY: (6/18) Will Chicago traders trade the experience of 90’s over the weekend or look ahead to a break in the weather mid-week? Markets are oversold and due for a 2-3-day bounce but then looks lower into June 25. Hogs may retrace a day but look higher much of next week, as does cattle.


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