Bean patterns look complete

Bean patterns look complete and they lead the complex and may prevent too much more for wheat and corn. We’re moving stops down and will continue to look to take profits and need to be a buyer next week by early Monday if conditions warrant and set up. Cattle continue to issue technical sell signals….


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Cattle cycles weak on Friday

FOR FRIDAY: (12/2) We may see end-of-the-week short-covering and bean patterns look complete and they lead the complex and may prevent too much more for wheat and corn. We’re moving stops down and will continue to look to take profits and need to be a buyer next week by early Monday if conditions warrant and…


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Weak cycles for grains

FOR THURSDAY: (12/1) Grains faded the OPEC rally and we stuck with shorts but didn’t add to our positions because we’re approaching Dec. 1st and seasonals can turn up here. Normal cycles are weak here. Time to take some partial profits on shorts but still a good chance for lower prices on grains until at…


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Month-end position squaring in play

FOR WEDNESDAY: (11/30) Grain cycles are still weak into Wednesday and month-end profit-taking should set in and we have contract rollover from the Dec. contracts which go into first notice. Cattle look ready to rollover into Thursday but we rarely like to sell hogs on a Wednesday. Month-end position squaring will also add a new…


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Grain cycles still weak into Wednesday

FOR TUESDAY: (11/29) Grain cycles are still weak into Wednesday and month-end profit-taking should set in and we have contract rollover from the Dec. contracts which go into first notice. Meats are acting toppy also and we need secondary highs to get better risk/reward for new sales but they seem vulnerable to fall.


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Open to selling grains

FOR FRIDAY: (11/25) We’re looking for grains to start lower on Friday and continue into early next week. We’re open to selling if the right prices and pattern completions happen and exiting by Nov. 30. Hogs have one more day up and then are lower next week. Cattle should start lower for at the next…


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Hogs look higher on friendly report

FOR WEDNESDAY: (11/23) Grains look higher as do hogs on a friendly storage report and cattle may hold up. Friday seems more vulnerable for selling grains and meats if you are inclined and early next week is mixed. Holiday trading is always a mess and usually we can live without it.


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Seasonal fund buying taking over

FOR TUESDAY: (11/22) Seasonal fund buying is taking over but not sure how long it will last. Grains should correct Monday’s irrational exuberance on Tuesday but probably be higher on Wednesday and then retracing next week for a better set up buy. Hogs are celebrating Christmas ham early and cattle are tiring and we should…


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Grains look lower early next week

FOR MONDAY: (11/21) Grains look lower early next week but seasonals often support pre-Thanksgiving buying so we will have to wait for clues in the morning or top-pick. Cycles do look weak the next few sessions so we may get away with it for beans in particular. Cattle on feed was neutral and market is…


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Volatile grain cycles on Friday

FOR FRIDAY: (11/18) Grain cycles are volatile on Friday. Early rallies could give way to sell-offs. Beans look lower on Sunday night and grains could still be lower on Monday but seem to perk up by mid-week. Meats are waiting on the Cattle on Feed report and are a bit overbought so hard to imagine…


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