Grains in trouble

FOR THURSDAY: (11/3) Grains were much weaker than we feared and even if we have a stronger night session, we still think the market is in trouble. Oil had its biggest build-up of inventories in 34 years and that is not good news for bio-fuel, and crude should easily fall to 40.00. Hogs should hold…


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Hogs may finish a 2-day correction

FOR WEDNESDAY: (11/2) Grains turned lower today after our concerns last night and broke key levels on corn with even Nov. beans finally taking out 985. We could see grains recovering for a day before harvest pressure takes over again. Hogs may finish a 2-day correction and then a buy is setting up into Friday. 


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Cattle probably in trouble rest of the week

FOR TUESDAY: (11/1) Fund buying at the first of the month may set in but grains hardly budged on Monday and we continue to be surprised how well they have held up. Cycles peak overnight and we still would expect a setback into Wednesday but this market is tricky and we can’t get too married…


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Jump on shorts, hedges Sunday night

FOR MONDAY: (10/31) Harvest should gain traction the next few days as dry weather is forecast in the Midwest. That should put huge harvest pressure on grains the next few days into the end of the month. Fund position squaring at the end of the month should also be supportive and the 14-day cycle peaks…


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Grains may hold up one more day

FOR FRIDAY: (10/28) Harvest should gain traction the next few days as dry weather is forecast then in the Midwest. The latest 6- to 10-day outlook adds rain to the western half of the Midwest next week along with above-normal temperatures. Ethanol futures rose along with the rest of the energy sector and the bio-fuel…


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Willing to sell more grains

FOR THURSDAY: (10/27) Grains may hold up overnight or even into the first hour of trading on Thursday but then should turn down into Sunday/Monday. We’re willing to sell more grains if we get higher and expect a volatile day and possibly a reversal. Cattle are overbought and due for a 1-2 day fall and…


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Grains looking higher Wednesday

FOR WEDNESDAY (10/26) Once the rain departs late this week, forecasts indicate drier weather. The latest 6- to 10-day outlook (Oct. 20-Nov.3) has mostly dry weather for the Midwest next week with above-normal temperatures. The dollar was volatile, jumping to a 10-month high early against foreign currencies only to turn lower when the crops closed….


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Weaker grain cycles this week

FOR MONDAY (10/24) Cycles turn weaker for grains this week and we would continue to sell and hedge rallies—if we get any more. If you have nothing on, you may have to go to the market Sunday in case hedge pressure hits the market hard. Cold storage report was one of the most bearish in history…


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Corn cycles looking weaker next week

FOR FRIDAY (10/21) Harvest-friendly weather may have played a role with forecasters calling for dry days in the Midwest into the weekend. The 6- to 10-day outlook (Oct. 25-29) does put rain back in the Midwest then along with above-normal temperatures. We thought we could hold out another day to sale but beans got within…


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Cattle and hogs may bottom on Monday

FOR MONDAY: (10/17) Weather continues to be an impediment for Midwest farmers with rain through the weekend in the region. The 6- to 10-day outlook, however, reduces rain amounts in the western Midwest next week. Exports have continued to be supportive. We think harvest pressure will hit the market for a few days but it…


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