Continue to sell grain rallies

FOR FRIDAY: (9/30) Last of the month is often short-covering and profit-taking for funds no matter what the USDA comes up with. Hard to imagine anything friendly. Rallies will continue to need to be sold with harvest pressure and hard to imagine beans having a good number. We’ll continue to play cycles and patterns. We…


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Cattle getting close to being done

FOR THURSDAY: (9/29) Hard to be short grains but market may continue short-covering on Thursday, and Friday’s report reaction may also continue with short-covering. Harvest selling should pick up by Sunday. We may have to continue to take profits on grains if we can get lower. In the end, we’ll have to sell any rallies…


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Harvest selling should pick up by Sunday

FOR WEDNESDAY: (9/28) Crop fundamentals remain bearish with harvesting under way in much of the Midwest this week and forecasts call for dry weather the next few days. The seven-day forecast also favors dry conditions for much of the Midwest, while the 6- to 10-day outlook has above-normal chances for rain in Iowa and for…


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Corn needs to take out 327 to project 323 and 320 into Wednesday’s low

FOR TUESDAY: (9/27) Storms are moving across the eastern Midwest this morning, their punch diminishing as the system moved east. Maps over the next seven days indicate little behind that front, which should increase the pace of harvest after a somewhat slow start. Official 6- to 10 and 8- to 14-day forecasts call for above…


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Grains lower into Wednesday

FOR MONDAY:  (9/26) Weather forecasts continue to call for a wet weekend that will delay harvest in some areas. October outlook is for bouts of rain which will make harvest a challenge for producers across the Midwest. Still, while storms continue to fall across parts of the Upper Mississippi River Valley, maps over the next…


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Grains should continue to stay below Wednesday’s highs

FOR FRIDAY: (9/23) Not much really happened on Thursday to give us many new clues but we should continue to stay below highs put in on Wednesday and at some point a harvest break will come. Usually the Sept. stocks report is not very important and can’t think that the trade will be sideways a…


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Strong harvest reversal

FOR THURSDAY: (9/22) By Thursday we have a number of forces that should finally create a strong harvest reversal. Continue to accumulate shorts. Cattle could hold up 1 more days but feeders are struggling and we won’t sell Dec. hogs without a price completion. Rain continues to hinder the Midwest corn and soybean harvests with…


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Grains could hold up one more day

FOR WEDNESDAY: (9/21) Grains could hold up one more day and rarely fall strongly on Wednesday. By Thursday we have a number of forces that should finally create a strong harvest reversal. Continue to accumulate shorts. Cattle should hold up 1-2 more days but feeders are struggling and not selling Dec. hogs without a price…


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Cattle should hold up a few more days

FOR TUESDAY: (9/20) Storms over the weekend focused on the southern half of the growing region, while rains early in the week return to the upper Midwest before another front moves in from the west. Maps for the next seven days keep the eastern Corn Belt mostly dry. Official 6- to 10 and 8- to…


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More short-covering to set up sales

FOR MONDAY: (9/19) Corn and soybeans closed higher on Friday and wheat followed as a steady parade of rain showers in the Midwest raised concerns about harvest delays. The corn and soybeans still finished lower for the week as the market continues to price in the big crops that USDA had forecast on Monday. Short…


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