Grains look lower next week

FOR THURSDAY: (9/1) Grains aren’t bouncing and seem lower next week also. Need a 2-day bounce to get short for next week. Grains do reopen on Monday night at 7 pm after the Labor Day holiday but meats of course won’t reopen until Tuesday morning. Weather forecasts remain favorable for corn and soybeans with showers…


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Hogs up one more day

FOR WEDNESDAY: (8/31) Grains didn’t turn up yet but are still in a place for a short-covering rally although at this point it will not mean much. Weather forecasts remain favorable for corn and soybeans, with showers moving across the Midwest this week. Hot conditions arrive next week along with rain across the western portion…


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Grains due to turn up on Tuesday

FOR TUESDAY: (8/30) Grains are due to turn up on Tuesday from overnight lows. Buying is countertrend but something to do if you’re looking to play that way. Hogs still look higher for a few more days and cattle lower at least one more day. Weather forecasts remain favorable for corn and soybeans with showers…


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Grain cycles lower one more day

FOR MONDAY: (8/29) Weather forecasts remain favorable for corn and soybeans with wet conditions this week in the Midwest and hot conditions next week with some rain. The National Hurricane Center says there is a less than 40% chance that a storm building in the Caribbean will reach Louisiana. There had been talk earlier in…


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Weather, crop tour pressure grains

FOR FRIDAY: (8/26) Soybeans headed south in a big way on Thursday after crop scouts inspecting Midwest fields found big pod counts in Illinois that led to speculation actual production may exceed USDA’s current forecast. Corn and wheat futures also closed lower, with corn moving down with soybeans. Losses in corn were kept in check…


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Hogs still weak a few more days, cattle an aggressive sale

FOR THURSDAY: (8/25) Wire reports say the scouts found healthy Illinois corn and soybean crops with yields and pod counts above last year. Crop tour findings will be scrutinized to determine if USDA’s big crop and yields are doable. Stress from dry conditions hurt corn in Indiana and Ohio. Wire reports say Illinois surveys found…


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Grains grains correct into Friday

FOR WEDNESDAY: (8/24) Crop tours in the Midwest are finding some minor problems in corn and soybeans, but apparently nothing serious enough to raise doubts about USDA big numbers for both crops. Also the tours move to Iowa and Illinois later this week where conditions are better. Weather forecasts remain favorable for corn and soybeans…


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Grains due for 2-3 day pullback

FOR TUESDAY: (8/23) Grains are overbought and due for a setback and there‘s nothing positive in the weekly reports. Would expect a 2-3 day pullback. Cattle should be up 1-2 more days and hogs look lower next week and not sure month to month declines in cold storage can save year to year stats.


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Grains may hold up 1 more day

FOR MONDAY: (8/22) Grains may hold up for 1 more day and some upward patterns aren’t complete to 1027 on Nov. beans and 352 on Dec. corn and 452 on Dec. wheat. We’re open to selling starting early Tuesday if the market reaches those levels. Weather forecasts are favorable for corn and soybeans with cool,…


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Grain cycles turn lower Thursday/Friday

FOR THURSDAY: (8/18) Severe storms may develop in South Dakota and Minnesota on Thursday and then in Nebraska and Iowa on Friday. Midwest weather turns cooler next week with rain likely. Rain lingers in Louisiana then but the heavier amounts move north. Recent rain and flooding in that state slowed exports as it slowed vessel…


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