Hogs are topping

FOR THURSDAY: (11/17) Usually we can count on grains going lower on Thursday but cycles are particularly volatile so we’ll leave the markets alone and count on pattern completions lower to exit the rest of hedges and to start thinking about buying March contracts. Cattle is getting ready for COF report. Hogs are topping and…


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Need to buy the new lows or secondary lows

FOR WEDNESDAY: (11/16) We warned you about short-covering starting and these transition periods are tricky. Patterns aren’t done but buying may start for those picking bottoms and happy with value. We still have a chance for new lows and pattern completions and can’t do much on Wednesday. Need to buy the new lows or secondary…


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Grain patterns might allow a mid-week bounce

FOR TUESDAY: (11/15) Continue to move stops down on corn spec and hedge positions. Patterns might allow a mid-week bounce and final lows by Friday/Monday, which is when seasonal lows come. Cycles for cattle and hogs are mixed this week but the 16-year cycle is hitting and last time it had the market lower.


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Cycle lows due by first hour of trading

FOR MONDAY: (11/14) Cycle lows due by the first hour of trading and then we may get short-covering before the progress weekly report. Tuesday is unclear and we will continue to monitor patterns. Seasonal lows are due this week and buying usually happens before Thanksgiving. 


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Grains continue to disappoint

FOR THURSDAY: (11/10) We had suggested the need to sell rallies today/Thursday but we didn’t get anything after the USDA report and we had gotten stopped out of beans on the freaky rally on Tuesday. Will be harder to chase but usually you sell the Nov. USDA report and get out before Thanksgiving and there…


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Looking to sell rallies

FOR THURSDAY: (11/10) We had suggested the need to sell rallies today/Thursday but we didn’t get anything after the USDA report and we had gotten stopped out of beans on the freaky rally on Tuesday. Will be harder to chase but usually you sell the Nov. USDA report and get out before Thanksgiving and there…


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Funds confound patterns and fundamentals

FOR WEDNESDAY: (11/9) Funds through a monkey wrench into patterns and fundamentals on Tuesday and that leaves us wondering how to trade on Wednesday, another USDA report day. Will it really mean much? Soybeans had the largest gains of the three crops amid fund buying after recent export business and higher vegetable oil markets. Corn…


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Grains sideways before USDA report

FOR TUESDAY: (11/8) Market sideways before USDA report. More inclined toward a bearish USDA on Wednesday and may not get a lot happening Tuesday. We would take partial profits if 341.50 came in corn. Cattle look lower one more day but then will be harder to press shorts. Wednesday, the USDA will update its crop…


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Harvest pressure continues for grains

FOR MONDAY: (11/7) Expecting that harvest pressure on Sunday will continue to press grains although they are holding up fairly well. I suspect we can still be short 2-3 more days before short-covering before the USDA report hits. The 6- to 10-day outlook favors warm, dry weather next week, which would allow for a rapid…


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Continue to sell rallies

FOR FRIDAY: (11/4) There’s a volatile cycle for Friday. Last year it went lower but we have seen it go wildly up some years so watch for unexpected news and wild ranges. Given harvest pressure, any rallies continue to need to be sold. The 6- to 10-day outlook favors warm, dry weather next week, which…


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