Grain cycles supportive into Thursday

FOR TUESDAY: (4/18) We looked at cycles for grains into Thursday and they seem supportive so a light buy is favored. Cattle cook missed and hogs higher now into Thursday. Not sure if the geopolitical tensions will impact these markets much. Crude looks lower next week although any nasty surprises could push it up to…


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Looking to add more grains on pullbacks on Sunday night

FOR MONDAY: (4/17 no change) We looked at cycles next week and they look friendly for grains and cattle but lower for hogs. We’ll probably want to add more grain on pullbacks on Sunday night. Not sure if the geopolitical tensions will impact these markets much. Crude looks lower next week although any nasty surprises…


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Position squaring for long weekend

FOR THURSDAY: (4/13) Trade will be position squaring for the long weekend. We looked at cycles next week and they look friendly for grains and cattle but lower for hogs. We’ll probably want to add more grain on pullbacks on Sunday night. Not sure if the geopolitical tensions will impact these markets much. Crude looks…


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Cattle very overbought

FOR WEDNESDAY: (4/12) We completed grain cycles for the month and they look like they hold up longer than we originally thought so chances are we can be long at least into April 19-20. Cattle are very overbought now and near key pattern completions and we think pre-holiday profit-taking will set in by Thursday and…


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Grains oversold going into WASDE

AGRICULTURAL MARKETS OVERVIEW FOR TUESDAY: (4/11) Another USDA report and this one is too soon after the March 31 reports. Market oversold going into it as of Sunday night but not so much for corn now. We have a bias toward higher grain prices into Friday but need to buy value if we can still…


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Key cycle low for grains by Sunday or early Monday

FOR MONDAY: (4/10) We have a key cycle low for grains by Sunday or early Monday and it can set up a countertrend buy if you want to be long into the USDA report on Tuesday. Weather news is largely good for crops but bearish for prices with the recent widespread rain to be followed…


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Hogs seem up into Wednesday.

FOR MONDAY: (4/3) Short-covering on corn likely to continue at least one more day and maybe two and that should pull beans up. Not interested in buying wheat but it will be a sale if 452.75 comes in. Cattle due for short-covering on Monday and hogs seem up into Wednesday.


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