Grains lower Friday, recovering Sunday/Monday

FOR FRIDAY: (9/16) We did more cycle work and more likely to see grains lower on Friday and recovering Sunday/Monday and then generally lower much of next week. Given seasonals and harvest pressure, hard to see much of a rally coming the next few weeks. We would continue to favor shorts there. Rain moves across…


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Targeting 323 for Dec corn on Thursday

FOR THURSDAY: (9/15) Rain this week may slow harvest and one forecast puts moderate rain amounts in the next week from Iowa to Indiana. USDA late on Monday said the national harvest was 5% done, with Illinois’ at 3% and Iowa’s at 1%. Illinois crop sources on Tuesday, said harvest should gain traction this week…


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Deflation cycles still at work this week for grains

FOR WEDNESDAY: (9/14) Deflation cycles are still at work this week for grains until at least Thursday with some short-covering possible on Friday. Hogs with new lows are in trouble for a few more days and we don’t think cattle are weak enough to get caught too short and will wait for an oversold condition…


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Grains lower into at least Thursday

FOR TUESDAY: (9/13) Rain is moving across the Midwest this week with severe storms forecast for Nebraska and Iowa today. Concerns are that such weather could hurt the mature corn and soybeans. The 6- to 10-day outlook (Sept 17-21) favors rain in eastern half of the Midwest and dry conditions for the west. We generally…


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Grains setting up for a sale

FOR MONDAY: (9/12) Grains continued to short-cover before USDA report and are setting up a sale, as even a surprise report would lead to sell the overbought condition going into Sept. hedges. Continue to use strength to get rid of cash and hedge, as this market could quickly fall apart and now is getting a…


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Continue to use strength to get rid of cash and hedge

FOR FRIDAY (9/9) Grains continued to short-cover before USDA report and are setting up a sale, as even a surprise report would lead to sell the overbought condition going into Sept. hedges. Continue to use strength to get rid of cash and hedge, as this market could quickly fall apart and now is getting a…


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More pressure for grains

FOR THURSDAY (9/8) Storms are moving across the Midwest this week with flash flood warnings posted for parts of Iowa and Illinois today and for Kansas, Missouri and Illinois on Thursday and Friday. The 6- to 10-day outlook (Sept 12-16) favors normal to above-normal rains for much of the Midwest with below-normal temperatures for western…


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Grains still under pressure

FOR WEDNESDAY (9/7) Storms moved through Iowa and eastern Nebraska later on Tuesday, with local forecasts in Iowa calling for 2 to 3 inches of rain overnight. The 6- to 10-day outlook (Sept 11-15) favors normal to above-normal rains for the Midwest with below-normal temperatures for Iowa and normal to above-normal heat for Illinois and…


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Grains could congest into Sept. 12 crop report

FOR TUESDAY (9/6) Grains continue their rebounds and may hold up into Monday night. Weather forecasts remain favorable for corn and soybeans with drier weather in the Midwest the next few days. Hot, wet conditions are forecast there next week. Tropical storm Hermine is moving across northern Florida and is expected to track north along…


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Corn possibly a decent sale

FOR FRIDAY: (9/2) Corn managed its bounce rather quickly and may set up a decent sale.  Cotton is more threatened by the hurricane over the weekend but funds needed some reason to take profits. Weather forecasts remain favorable for corn and soybeans with drier weather in the Midwest the next few days. Hot, wet conditions…


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