Grain recovery into Friday?

FOR THURSDAY: (11/2) Grains held up well and had decent comebacks and that will allow us to continue to be open to selling better levels later. For now we at least expect a recovery into Friday. Cattle still look higher for at least another few days. JAN. SOYBEANS (electronic ok) TODAY’S COMMENTS: (11/2) Market held…


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Meat cycles point higher into Friday

FOR WEDNESDAY: (11/1) Sometimes first of the month fund buying can save grains but cycles are pretty weak and deflation continues dominate. At this point we have to see what kind of bounce manifests into Friday if we are lucky for grains. Meat cycles also point higher into Friday and despite parabolic movement, it may…


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Meats seasonal low already in?

FOR TUESDAY: (10/31) Our sense that we couldn’t sell oversold conditions. We’re approaching end of the month fund position squaring by Tuesday and rollover from Nov. to Jan. beans. We have a bias toward lower grains into Wednesday but can get weird aberrations on position squaring by funds. Given very oversold conditions on grains at…


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Meats seasonal low already in?

FOR TUESDAY: (10/31) Our sense that we couldn’t sell oversold conditions. We’re approaching end of the month fund position squaring by Tuesday and rollover from Nov. to Jan. beans. We have a bias toward lower grains into Wednesday but can get weird aberrations on position squaring by funds. Given very oversold conditions on grains at…


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Cycle lows for grains due on Sunday

FOR MONDAY: (10/23) Grains broke hard before weekend harvest and cycle lows are due on Sunday and the rest of next week is higher. Wheat close to key 423 support and corn close to 440.50, and beans should hold 972. Beans have the best chance of a new high if you have to buy. Cattle…


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Cattle may continue short-covering before COF

FOR FRIDAY: (10/20) October and November can be doggy months to trade grains, which stay in tighter ranges and sometimes you have to wait a while for key numbers and patterns to come in. We’re working on grain cycles for the next six weeks the next few days and we’ll have more insights as to…


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Looking for a rebound on grains on Thursday

FOR THURSDAY: (10/19) We’re looking for a rebound on grains on Thursday and they have held key numbers discussed in the morning. Cattle may start short-covering before the Cattle on Feed Report due out on Friday. Hogs are crazy but may be up one more day. We still have to complete cycle research on the…


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Wednesday looks lower

FOR WEDNESDAY: (10/18) Looking like we missed shorts, as Wednesday looks lower but the next few days could get volatile if we get any unexpected events. Not sure what to do given incomplete upward patterns so we’ll wait for the morning.


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Still seeing weaker cattle, higher hogs this week

FOR TUESDAY: (10/17) Corn and beans opened lower after the harvest report but still are open to a final buy on Tuesday if the market behaves overnight. Still seeing weaker cattle this week and higher hogs.


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Not sure if harvest pressure will mean much

FOR MONDAY: (10/16) Not sure if harvest pressure will mean much but markets are oversold for grains but still look higher a few more days. Key numbers of 1007 for Nov. beans and 444 for Dec. Chicago wheat are close and corn will go for the ride. We should be selling these rallies on wheat…


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