Have to leave grains alone

FOR THURSDAY: (5/10) Grain cycles are mixed, with many suggesting a recovery into Friday but we‘ve seen them invert so often that we like to stick with patterns. If wheat completed 5 waves down to 500.50 and pulled corn down for a divergent low, then we could get a recovery into Friday. Have to leave…


Read More

Grain cycles mixed

FOR WEDNESDAY: (5/9) Grain cycles are mixed with many suggesting a recovery into Friday but we have seen them invert so often that we like to stick with patterns. If wheat completed 5 waves down to 500.50 and pulled corn down for a divergent low on Wednesday then we could get a recovery into Friday….


Read More

Turnaround Tuesday for grains

FOR TUESDAY: (5/8) Cycles are mixed into the end of the week but more inclined to expect a negative report reaction. Market is oversold from Monday so Turnaround Tuesday should give us a chance to get short if you want to risk it into the report.


Read More

Grains look lower on Monday

FOR MONDAY: (5/7) Grains look lower on Monday and recovering on Tuesday and then lower on Wednesday with the trade waiting on the USDA report on Thursday. Cycles are mixed into the end of the week but more inclined to see a negative report reaction. If wheat doesn’t get enough rain in drought-stricken areas, that…


Read More

China optimism may bleed into morning action

FOR FRIDAY: (5/4) China optimism did us in and we should have just stood aside. White House Economist Mark Calabria commented after the first day of trade discussions in China that he was “optimistic” and that US has “discreetly” given China a list of asks and that the day ended “pretty positive.” However, what algos…


Read More

Cycles overall seem weak

FOR THURSDAY: (5/3) Willing to sell the weaker beans and cattle and hogs if we can get filled. Cycles overall seem weak but not fighting beans or corn. JULY CHICAGO WHEAT (electronic ok) TODAY’S COMMENTS: (5/3) Bearish RSI divergence on the double-top on July but some patterns now project 539. Can’t sell a roaring bull…


Read More

Wheat tour got grains going

FOR WEDNESDAY: (5/2) The wheat tour got grains going, and even though corn has no reason to be up here, it‘s following wheat. We usually don’t like to sell grains on Wednesday and will assume slightly higher prices. Open to sales on Thursday if patterns come in. Cattle and hogs should bounce a day but…


Read More

Have to sell the pattern completion on wheat

FOR TUESDAY: (5/1) Wheat prices saw some contracts up double digits on drought concerns for some winter wheat production and planting delays for some spring wheat production. Wheat and beans opened higher in the Monday night session, with wheat having the strongest gains. Have to sell the pattern completion on wheat in the 519-20 region….


Read More

Better chance for higher grains on Tuesday

FOR MONDAY: (4/30) Friday’s spurt on grains wasn’t shocking and we had suggested taking profits on short beans. Patterns had suggested that wheat needed new highs, and it appears that has a good chance. We would think that month-end profit-taking could hit on Monday and we’re not inclined to chase. We feel better about higher…


Read More

Cattle should bounce

FOR FRIDAY: (4/27) The 29-day cycle is weak for grains and we favor lower prices into Sunday and maybe Monday. Cattle should bounce and didn’t fall much on Thursday, and hogs may hold and bounce a few days but are in trouble. Month end-position squaring by funds will distort things into Monday.


Read More