Grains likely to consolidate on Friday

FOR FRIDAY: (10/13) Thinking the trade will consolidate gains in beans and corn on Friday but we still see higher prices early next week. Cattle look lower on Friday and a dominant cycle into Oct. 26 may push the market lower the rest of the month, and we probably will stick with shorts. Hogs should…


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Corn, wheat very oversold

FOR THURSDAY: (10/12): Trade waiting on the USDA report on Thursday. Cycles the next few days are more bearish than bullish but corn and wheat are very oversold and hit key support patterns, so we have to assume they buy the news on Thursday and retrace Friday and then be higher early next week. Grains…


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Could see quiet ranges for grains

FOR TUESDAY: (10/10): Trade waiting on crop conditions after the Columbus Day holiday. Grains came off a bit. Not too much to add to this morning’s comments. Could see quiet ranges but should see a 2-day recovery in hogs and cattle and congestion higher for beans.


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Grains look lower Sunday, may bounce Monday

FOR MONDAY: (10/9): Grains look lower Sunday but may bounce on Monday. Thinking a lot of congestive action before Thursdays USDA report. Some cycles have an upward bias next week so if grains can’t meltdown quickly from harvest pressure on Monday, we’ll want to be out of shorts. Cattle look higher a few more days…


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Waiting for volatile grain cycle to pass

FOR FRIDAY: (10/6) There are very volatile cycles that dominate the next few days. Two years ago when we saw them, they created cycle high for grains and lows for cattle. Going into harvest pressure and one would think that the market would be lower. We’re going to wait for this cycle to get out…


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Grain cycles volatile next few days

FOR THURSDAY: (10/5) There are very volatile cycles that dominate the next few days. Two years ago when we saw them, they created cycle high for grains and lows for cattle. They appear to be inverting so far but given the level of intensity, we still could see grains come off their lows and meat…


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Cycles, seasonals positive this week

FOR TUESDAY: (10/3) Cycles and seasonals are positive this week and this week hold the best chance for gains and then some sideways congestion early next week before the next USDA report. We need to complete more research on cattle and hogs to have a clearer vision on trading for the month of October. We…


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Grains setting up for buys

FOR MONDAY: We can buy grains on dips this week as seasonals are supportive, the markets are oversold and cycles are friendly. Cattle look lower this week and need a rally on Monday to get short into Thursday. Hogs aren’t clear and are complicated with many crosscurrents and will let the dust settle.


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Grain cycles look higher next week

FOR FRIDAY: Not sure we learned anything from Thursday action as key numbers held. Cycles are weak the next few days but there are always those USDA surprises and crazy fund gyrations. We’ll probably have to move stops down on some contracts on Friday. Cycles next week look higher but the verdict is out on…


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