Thinking grains will back off on Thursday

FOR THURSDAY: (3/2) Thinking grains will back off on Thursday but hold up on Friday. Cattle look lower for a few days and any deep pullbacks will lead to a breakdown. Hogs should complete a 3-wave rally into Thursday/Friday and set up a sale for next week.


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Increased volatility next few days

FOR WEDNESDAY: (3/1) The corn market got very excited about Ethanol and its possibilities in the speech tonight and we had the most exaggerated move we have had in a long time that finally settled down to reality. Still, we are at a buy point in terms of timing and seasonals but cycles are rather…


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Patterns suggest more downside

FOR TUESDAY: (2/28) Cycles are complicated going into the end of the month. Patterns suggest a bit more to the downside with bottoming and basing action and then probably a buy setting up by Wednesday. We’re willing to start buying July grains if key numbers hit.


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Complicated cycles ahead

FOR MONDAY: (2/27) Cycles are complicated going into the end of the month. Patterns suggest a bit more to the downside with bottoming and basing action and then probably a buy setting up by Wednesday. We’re not going to rush and buy July without a secondary low and we have to continue to move stops…


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Lower grains for 1-2 more sessions

OR FRIDAY: (2/24) Trade waiting on Cattle on Feed report. We’re seeing lower grains for 1-2 more sessions but then short-covering should develop. We’re looking to cover March hedges and did some already. Usually by March 1st, grains are a strong seasonal buy and we’ll use weakness soon to buy the stronger July contract.


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Expecting bearish reaction to Outlook report

(2/23) Our sources say that the Ag Outlook report will be released at 8 am EST but may not be posted completely to their website until 3 pm EST. Over the years, the market has usually reacted to this report early in the morning. We haven’t taken a heavy position with anything, as this report…


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No risk/reward for selling grains without a bounce

FOR WEDNESDAY: (2/22) Usually we can count on hog bounces on Wednesday and if they are weak, we’re probably ok selling. Cattle look lower a few days. We have had a bias for lower grains into Wednesday/Thursday and not sure the USDA outlook report will mean that much, although we should consider it as important…


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Lower cattle prices on Tuesday

FOR TUESDAY: (2/21 no change) Three-day weekends are tricky to trade. Grains are oversold and if they crash Monday night on bearish weather, they will have to bounce on Tuesday. Hogs look higher for a few days and have to wait for the dust to settle on cattle but seeing lower prices on Tuesday and…


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Willing to sell key pattern completion on feeders

FOR TUESDAY: (2/20-21) Three-day weekends are tricky to trade. Grains are oversold and if they crash Monday night on bearish weather, they will have to bounce on Tuesday. Hogs look higher for a few days and have to wait for the dust to settle on cattle but seeing lower prices on Tuesday and willing to…


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