Grains look higher into Wednesday

FOR TUESDAY: (5/2) Fun day if you were long and we were but got out too quickly although our corn exits were near the highs of the day. Assuming that grains could continue higher into Wednesday, as some cycles are inverting. Market went so far this week already, we wonder if it can go much…


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Wheat patterns suggest higher prices Sunday/Monday

FOR MONDAY: (5/1) Corn and soybean futures closed a little lower for the day following big first-day deliveries for both crops and forecasts favoring dry planting weather next week in the Midwest. Winter wheat futures closed higher for the day and week ahead of a weekend in which freezing temperatures could threaten headed wheat in…


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29-day cycle friendly for grains on Friday

FOR FRIDAY: (4/28) The 29-day cycle is friendly for grains on Friday and we have to think the market could go crazy given weekend weather forecasts and then get overdone and turn lower next week. Cattle still have room to go higher into Monday and are in are a bit too difficult to play like…


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Looking to sell beans on Thursday

FOR THURSDAY: (4/27)  Wednesday was very volatile and some of it was tied to economic saber-rattling with Canada and Mexico and a surprise limit-up move in cattle. Soybeans were lower amid talk that delays in corn planting could possibly shift some of those acres to soybeans. Winter wheat markets closed near unchanged while spring wheat…


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Willing to sell rallies on cattle

FOR WEDNESDAY: (4/26) Grains look higher at least one more day but then may run into trouble. Still, if rains are as bad as they predict in some areas, they may not go down much. Hogs still look higher into Monday and we’re still willing to sell rallies on cattle.


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Wednesday could be a bounce day

FOR TUESDAY: (4/25) Plantings reports were bearish but not sure the market will go down that much and even if they do, we think Wednesday could be a bounce day. We still like the short side but have to make sure the trade does not get too upset about excessive rains in the 7-day forecast….


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Cattle looking overdone

FOR MONDAY: (4/24) We covered our grain shorts on Friday in corn and beans. Cycles should allow for a minor recovery with planting progress likely still below average. Cattle looking overdone and may present a sale up towards 1.18, but clearly a top pick as we move into May. Missed our hog sale on Friday’s…


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Seasonals, weather weigh on grains

FOR FRIDAY: (4/21) We feel good being short grains into Friday but could get a bounce early next week if weather changes or the market fails to breakdown enough. Still, seasonals are against this market and there’s nothing in the news but a concerns about fewer corn plantings. Thirty-day outlook for rains are normal so…


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Cattle looks lower on Thursday

FOR THURSDAY: (4/20) We feel good being short grains into Friday but could get a bounce early next week if weather changes or the market fails to breakdown enough. Cattle looks lower on Thursday but if no break happens, we still might get new highs on Friday. Hogs had a technical breakdown and weak cycles…


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Cattle still could be up on Wednesday

FOR WEDNESDAY: (4/19) We were wrong about grains turning around this week but Wednesday is often the safest day for them to go higher and they are a bit beat up and looks like minor 4th-wave bounces are due. Still, seasonals often turn down in late April and we probably were too optimistic. Not panicking…


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