Cattle looking up into COF

FOR THURSDAY: (5/24 no change) We’re concerned about thinning holiday conditions already in the cattle markets, and it’s always difficult to take a grain position out over a long holiday weekend. We have a bias toward lower grains into Thursday with Friday maybe being position squaring. Cattle are already looking ahead toward the COF report…


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Bias toward lower grains into Thursday

FOR WEDNESDAY: (5/23) We’re concerned about thinning holiday conditions already in the cattle markets, and it’s always difficult to take a grain position out over a long holiday weekend. We have a bias toward lower grains into Thursday with Friday maybe being position squaring. Cattle are already looking ahead toward the COF report on Friday….


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Grain cycles look lower into Tuesday

FOR TUESDAY: (5/22) Despite the strong Sunday rallies, the smart trade knew to sell. Grain cycles look lower into Tuesday and probably Wednesday. Crop plantings were better than expected and not likely to provide much relief. The issue may be how much more corn get in Michigan and Wisconsin.


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Beans seem safest to sell

FOR MONDAY: (5/21) Grain cycles look lower into Tuesday and probably Wednesday, and they may not have far to go after strong rallies. Beans seem safest to sell but corn failed to issue a buy signal. Can wheat carry the rest of the complex higher or will the forecasts change over the weekend and overbought…


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Grain cycles point lower on Friday

FOR FRIDAY: (5/18) Starting to sense that grain cycles are more likely to be lower on Friday, but we could get a surprise over the weekend. Have to get short in case something bigger happens to the market. Cattle should continue short-covering.


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Grains, meats too oversold to sell

FOR THURSDAY (5/17): Thursdays aren’t usually kind to grains or meats but there‘s a friendly cycle into mid-day that may allow a recovery. Meats and grains are too oversold to sell and if new lows come early, the trade may short-cover.


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Grains look higher on Wednesday

FOR WEDNESDAY (5/16): Grains may have bottomed for the week and look higher on Wednesday and probably into Friday. Meats are due for at least a one-day bounce. Still, grain and hog markets could yield unexpected surprises on Wednesday due to a surprise cycle so watch these markets carefully on Wednesday.


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Major cycle peaks into late Tuesday, early Wednesday

FOR TUESDAY (5/15): Major cycle for many markets peaks into late Tuesday and early Wednesday, and we should bounce out of there into Thursday for many markets. Enjoy several days of above-average temperatures across much of the central U.S. this week, with a fair amount of rain also expected over the next three days, with…


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Hogs, cattle look lower on Monday

FOR MONDAY: (5/14) Grains are oversold and may open lower on Sunday but then recover in short-covering for 1-2 sessions. May still be lower into Wednesday for a wash-out low. Hogs and cattle look lower on Monday also but then should recover. We are open to buying meats on Monday for rallies into Wednesday.


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Mixed signals for grains

FOR FRIDAY: (5/11) Mixed signals but we are more inclined to think the market will break into the weekend and can stay short grains. Cattle and hogs look sideways but overall are looking better for a buy into next week but we need to pick our spots carefully.


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