Grain cycles peak overnight, then sideways

FOR THURSDAY: (9/28) We got a bounce on Wednesday with wheat completing a key pattern and beans doing a weak bounce corn being pretty sideways. Cycles peak overnight and then should be sideways before the stocks report. The USDA report on Friday and then end of the month position squaring should create illogical crosscurrents and…


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Good chance for grains bounce on Wednesday

FOR WEDNESDAY: (9/27) Wheat remains bid but beans broke enough that we can relax a bit more and corn isn’t doing much. Good chance for a bounce on grains for Wednesday but it’s harvest time. Trade may start congesting before Friday’s grain stocks report – as if we need another report. Still, harvest pressure should…


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Will favor grain shorts one more day

FOR TUESDAY: (9/26) Crop progress reports were rather neutral. Grains are recovering a bit at the open in the early night session and were oversold. Wheat looks best. We will favor shorts one more day but then may have to move stops lower into Wednesday.


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Grain cycles look lower Monday/Tuesday

FOR MONDAY: (9/25) Happy Fall Equinox. Grains are tiring and we would think they will give into weekend harvest pressure. All cycles look lower for grains Monday/Tuesday and thinking we may get a strong move down from weekend harvest pressure. COF report was bearish and the market was overbought into it and leaning the wrong…


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Favor lower grains on Friday

FOR FRIDAY: (9/22) We have a bias toward lower grains on Friday and harvest pressure should pick up. Trade is waiting on COF report and there has been a bias toward a friendly report but the price has to be built in by now.


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Grains not likely to hit more ideal sell targets

FOR WEDNESDAY: (9/20) Grains are rather oversold and we have to give the market a chance to bounce into Tuesday night. Not likely to hit more ideal targets but not willing to chase without a bounce. We continue to focus on looking for recoveries to sell. Grains look lower this week so hedging and cash…


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Grains look lower this week

FOR TUESDAY: (9/19) Grains are rather oversold going into the Monday night session and we have to give the market a chance to bounce on Tuesday into Tuesday night. Not likely to hit more ideal targets but not willing to chase without a bounce. We continue to focus on looking for recoveries to sell. Grains…


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Corn: Key resistance at 358 and 360 will be hard to get through

FOR MONDAY: (9/18) We continue to focus on looking for recoveries and now think the market could hold up at least into Sunday and part of Monday. We will put orders in early in case they get hit and the market is down on Sunday. All the grains looked like they did “b” wave retracements…


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Grains look lower on Thursday

FOR THURSDAY: (9/14) Grains look lower on Thursday and we hope the downside isn’t too much to prevent a recovery on Friday or into Sunday night. All the grains looked like they did “b” wave retracements and we could still get C-waves up to 362-3 on Dec. corn or 450 on Dec wheat and beans…


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