Grains a bit overdone

FOR THURSDAY: (4/26) Grains are a bit overdone and we would expect prices to come off from highs into Thursday into early next week into Monday. Still, wheat might get a bit absurd despite no real news pushing it here. Cattle should pull back, and that pullback may last into Monday. Hogs are higher for…


Read More

Grains should go up one more day

OR WEDNESDAY: (4/25) Grains should go up one more day but we’re skeptical about too much more. Cattle came off sharply with the US stock market and given that we see stocks down again on Wednesday, we won’t buy, but if they have a weak bounce, we probably will sell on Thursday.


Read More

Beans close to key support at 1025

FOR TUESDAY: (4/24) Beans are close to key support at 1025 and corn held up well; wheat should hold 468 and do some dead-cat bounces. Cattle looks good for a few days to the upside and hogs should be down hard on Tuesday on a weak cold storage report. JULY CORN (electronic ok) TODAY’S COMMENTS:…


Read More

Hard to get friendly toward grains

FOR MONDAY: (4/23) Hard to get friendly toward grains. We saw Friday sharply down but didn’t chase and now we may get weak bounces for a few days. Beans have a weak cycle on Monday and aren’t the one to bottom pick. Cattle on Feed report was considered neutral, but numbers seem negative and a…


Read More

Friday the weakest day of the week for grains

FOR FRIDAY: (4/20) Friday is the weakest day of the week for grains but beans just about have put in a pattern completion and only wheat is overbought enough to sell. We see higher grains early next week and most of next week and so sales on Friday may be day-trades. Trade waiting on the…


Read More

Grain cycles friendly on Thursday

FOR THURSDAY: (4/19) Cycles are friendly on Thursday but grains often come off and also cattle so we have to be defensive before the COF report. We could easily see corn and wheat hold up another day but beans look terrible and the grains look heavy. Trade will be position squaring before the COF report.


Read More

Grains need to breakout on Wednesday or they’re in trouble

FOR WEDNESDAY: (4/18) Markets holding up ok but failed to breakout. Wednesday needs to breakout or we’re in trouble in grains. Cycles are friendly for grains the next few days. Overall cycles are very friendly the next few days so we really need some upward action to negate the recent 2-day move retracing.


Read More

Grains should recover into end of the week

FOR TUESDAY: (4/17) Cycle lows came in on Monday and should complete overnight and then grains should recover into the end of the week. We just need to survive any overnight craziness. Wheat did issue a major sell signal but sometimes when that happens, the trade gets oversold and has to recover.


Read More

Will wheat prices drag grains lower on Monday?

FOR MONDAY: (4/16) Will wheat prices drag grains lower on Monday? Profit-taking set in but only wheat is showing very stressful signs. With a low going into this key weekend, we’re may see the market pop out of here–and even if we get a low on Monday, we expect higher prices into April 25-26 next.


Read More

Cattle looking strong into Monday

FOR FRIDAY: (4/13) Going to go with longs on beans and corn if we can get good value. Will pass on wheat. Cattle took off and we can hold into Monday with weather over the weekend and the return to winter.


Read More