Cycle lows for grains dominate next few days

FOR FRIDAY: (5/19) Cycle lows for grains dominate the next few days and not sure the market can turn up until after May 25. We would continue to favor shorts until then. Short-covering on cattle may continue one more day but the market will probably stay under pressure through next week, and overall seasonals are…


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Still have to continue to sell rallies in grains

FOR TUESDAY: (5/16) We have mixed cycles for grains the next few days and a low-confidence forecast. We have to take profits on short wheat with cold weather moving into Colorado and that may spook the market. It also may cause short-covering on cattle but may not be drastic enough to impact anything further East….


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Grain cycles looking lower Friday, much of next week

FOR FRIDAY: (5/12) Cycles seem lower still for grains on Friday and probably much of next week. If weather forecasts stay warm and dry, the market will probably tank next week so Friday may be the last chance to get on new grain shorts or hedges for the short-term. Cattle showing signs of bottoming but…


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Harvest pressure for wheat

FOR THURSDAY: (5/11) USDA report is out of the way and now it is matter if a flooding rain front pushing across the Midwest spooks traders. Given warm and dry in the 10 days, this last storm may not mean much. Can wheat really recover much given harvest pressure? While 9% of the crop is…


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Cycles still weak this week

FOR WEDNESDAY: (5/10) Not sure the USDA report means anything in May and the bounces for beans and corn today were healthy short-covering. We still see weaker cycles overall this week and would use any rallies to continue to add shorts. Soybeans closed higher to recover yesterday’s losses amid reports of slow planting in the…


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Hogs look lower on Tuesday

FOR TUESDAY: (5/9) Grain cycles are weak the next few days and much of next week so it’s hard to imagine anything that would push them up in a crazy way at the report. If we get short-covering, it may allow new sales or reentries as key numbers were triggered on Monday for a sale…


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Cattle bottom by Monday

FOR MONDAY: (5/8) Grain cycles are weak the next few days and much of next week so it’s hard to imagine anything that would push them up in a crazy way. Cattle may find a bottom by Monday and recover and not sure they’re done. We’re doing a countertrend trade in hogs and will hold…


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Grain weakness into early next week

FOR FRIDAY: (5/5) We exited long grains before the meltdown but didn’t reverse, as the market was too high off of the recent highs. We see weakness into early next week so there’s still time and room but will have to pick our spots carefully. Winter wheat futures posted double-digit losses on Thursday to wipe…


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Grains often lower on Thursdays

FOR THURSDAY: (5/4) Grains are often lower on Thursdays so it’s hard to hold them when they underperform. Will wait until the morning and move stops up tightly to protect any profits but not sure we will get upper targets for grains that we had hoped for. Cattle continue to run away at limit up…


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Hogs may have trouble taking out 7500

FOR WEDNESDAY: (5/3) Usually we can count on grains being higher on Wednesday but cycles are rather sickly this week and we wonder if the market could just sit waiting for wheat damage reports. Still, grains look higher here but then lower into May 11-12 so we’ll want to take profits. Hogs may have trouble…


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