Pullback for grains

FOR WEDNESDAY: (8/17) Weather turns cooler next week in the Midwest with rain likely. Rain in Louisiana appears to be abating, which may ease flooding there and allow boats to be loaded with grain. Cash corn bids at the Gulf dropped about a dime late last week as rain and flooding disrupted export loadings. A…


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Grain cycles still friendly on Tuesday

FOR TUESDAY: (8/16) In the weather, current forecasts favor rain and mild temperatures this week. The seven-day forecast keeps rain in Indiana and Ohio, but the heaviest amounts are north and over the Great Lakes. The 6- to 10-day outlook (Aug. 20-24) has cool, wet conditions for the western half of the Midwest. Normal to…


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Grain cycles more bearish Sunday than Monday

FOR MONDAY: (8/15) In typical fashion the trade took profits on the bearish report and the worst may be over now. USDA expects a record 15.15 billion bushel corn crop, a 4.06 billion soybean crop and 2.32 billion bushels of wheat. The corn and soybean numbers topped all forecasts in some pre-market surveys and sent…


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Negative report could create oversold conditions

FOR FRIDAY: (8/12) Forecasts keep rain in parts of the Midwest the next seven days with the largest amounts in the dry areas of Indiana and Ohio. Severe storms move through Iowa today and rain could linger in the Midwest on Friday. The 6- to 10-day outlook (Aug.16-19) has hot weather in the northern Midwest…


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Cycles volatile for Friday’s report

FOR THURSDAY: (8/11) Forecasts keep rain in parts of the Midwest the next seven days, with the largest amounts in the dry areas of Indiana and Ohio. Severe storms move through parts of the eastern Dakotas today before dissipating. The 6- to 10-day outlook (Aug.15-18) has hot weather in the northern Midwest and northern Plains…


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Pre-report paralysis for grains

FOR WEDNESDAY: (8/10) Forecasts keep rain in parts of the Midwest the next few days, with severe storms likely in parts of the Dakotas. The 6- to 10-day (Aug.14-18) puts hot weather in the northern Midwest and northern Plains then, with below-normal chances for rain for much of the Midwest. Attention remains on Friday’s USDA…


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Wheat and beans are better values

FOR TUESDAY: (8/9) Forecasts keep rain in parts of the Midwest early this week. Highs in the mid-90s are expected in eastern Nebraska and western Iowa this week, but forecasts show highs will be in the 80s by the weekend. The 6- to 10-day (Aug.13-17) puts hot weather in the northern Midwest and northern Plains,…


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Grain cycles lower on Monday

FOR MONDAY: (8/8) Weak closes on grains should set up new lows into Monday but there was not enough definitive movement for us to feel totally safe. Cycles for grains point lower into Monday but not sure we will stick around much after the USDA weekly report. Cattle look like they need to retrace on…


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Weak closes on grains should set up new lows into Monday

FOR FRIDAY: (8/5) Weak closes on grains should set up new lows into Monday and willing to sell if we have a good risk/reward. Cattle are hooking lower and may be down into the middle of next week and hogs are too oversold to be chasing. We have to stay open to 323 on Dec. corn…


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