Category: Ag Markets Update

FOR FRIDAY: (12/8) While grain cycles look higher Dec. 10-15, Friday looks mixed and grains are all on the edge at key numbers. Buying Sunday may be easier if there are no major breaks or surprises. Cycle highs dominate for hogs and cattle next week with Friday a transition day and we’ll feel better buying on Monday.

MARCH CORN (electronic ok)
TODAY’S COMMENTS: (12/8) We didn’t quite get filled and still have a chance to buy slightly lower and not needing to chase. Market should hold up into Dec. 17-18. Overall, March needs to move at least another 14 cents higher from this upcoming low–and if 349 holds, then 363 would be the projected move.
OVERALL: After the first week of December, seasonally the market is often sideways to lower; could hold up into Dec. 15-18 at best.
CYCLES OVERVIEW: Lower Friday; higher Dec. 10-17.

FOR THURSDAY (12/7) Bean cycles are weaker than the rest of the grains and usually we don’t push longs on Thursday but larger cycles suggest that we can be long wheat and corn for a few days. Cattle is seasonally lower into Dec. 10 and looks like it’s in trouble so still can sell one more day or so.Continue reading

FOR WEDNESDAY (12/5) Grains are in transition on Wednesday and we’ll put orders in, as many could bottom early and then close higher and be higher the rest of the week. Cattle should be higher another day and usually we can count on hogs being higher on Wednesday.Continue reading

FOR TUESDAY: (12/5) Grains still could correct into Wednesday before we will rebuy. Cattle is due for a bounce and hogs still look higher much of the rest of the week.Continue reading

FOR MONDAY: (12/4) Patterns and cycles suggest temporary topping action into early Sunday and a pullback for 2-3 days. While we think grains will hold up into Dec. 15-17, we have to bank profits and see what kind of retreat happens for a few days. Cattle still look vulnerable for 1-2 more days and then are a buy. Hogs look higher all week and we should be buying.Continue reading

FOR FRIDAY: (12/1) Usually we can count on first of the month buying with grains in December. While beans are a bit weaker than we had liked, we had thought that 982.50 could hold before they might go up again. Many cycles are positive on Friday for grains so we should be more aggressive buying and adding. We often see a seasonal flurry of grain buying Dec. 1-5. Cattle still look weak and hogs could be volatile so move stops lower.

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FOR THURSDAY: (11/30) We’re approaching month-end position squaring and grains are a bit oversold after the last few days but not sure the slide will stop until maybe Thursday. The 29/30 day cycles are weaker the next days but many of the other cycles are positive into Friday, and we often see a seasonal flurry of grain buying Dec. 1-5. Chances are we’ll have to buy this dip but we’ll be patient.Continue reading

FOR WEDNESDAY: (11/29) We’re approaching month-end position squaring and grains are a bit oversold after the last few days but not sure the slide will stop until maybe Thursday. The 29/30 day cycles are weaker the next days but many of the other cycles are positive into Friday, and we often see a seasonal flurry of grain buying Dec. 1-5. Chances are we’ll have to buy this dip but we’ll be patient.Continue reading

FOR TUESDAY: (11/28) Crude prices are projecting 6035 over the next week or so and that could keep grains bid. The dollar broke key support at 9300 and projects 9231 but much below that and 9155 would be serious. Still a few days for the dollar to break and that will help grains. The 29/30 day cycles are weaker the next few days but many of the other cycles are positive into Friday and we often see a seasonal flurry of grain buying Dec. 1-5. Chances are we’ll have to buy this dip but we’ll be patient.Continue reading

FOR MONDAY: (11/27) Crude prices are project 6035 with cycle highs into Monday and that could keep grains bid. The dollar broke key support at 9300 and projects 9231. It’s possible that the dollar break is a game changer and will go to 8800 eventually. Lower dollar will help exports and seasonals should come to the rescue for grains. We have a bias toward selling higher cattle early next week but will decide by Monday whether to sell.Continue reading