Grains need freeze threat, other news boost

FOR WEDNESDAY: (9/13) The trade sold the bearish USDA report and then took it back as there’s nowhere to go and we’re not past freeze threats yet. 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…


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USDA report days often turning points

FOR TUESDAY: (9/12) Another USDA report day on Tuesday. These reports are often turning points for the month so if a high comes in, we have to sell and hedge. Expect harvest pressure to knock the market lower.


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Still expecting higher grains into Monday/Tuesday

FOR MONDAY: (9/11) We still expect higher prices into Monday/Tuesday for grains. Have to start selling cattle and the market looks lower all of next week, and this week’s rally has been a gift. Waiting on the hurricane. How much Southeastern crop harvest has been put into the price already? Patterns suggest higher prices into…


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Patterns suggest higher grain prices into Tuesday

FOR FRIDAY: (9/8) Waiting on the hurricane. How much Southeastern crop harvest has been put into the price already? Patterns suggest higher prices into Tuesday so we’ll assume more is coming. Cattle are a sale for a week but getting a good risk/reward will be tricky.


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Have to be patient chasing grains

FOR THURSDAY: (9/7) Impact for Southeastern US harvest will push prices up into the USDA report so we can buy dips but have to pick your spots carefully. We missed getting into beans and they will be hard to chase now. Have to be patient chasing any grains. Cattle up at least one more day…


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Still see a recovery for meats this week

FOR WEDNESDAY: (9/6) We ‘ve been thinking early frost this year because of a very cool August and now parts of western NE may experience it on Wednesday and that could spook the market more. While the hurricane’s path is unknown, damage to orange groves is likely and those hurricane remnants may hurt Southern harvest….


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Lower pattern completions on grains should be over by Tuesday

FOR TUESDAY: (9/5) Lower pattern completions on grains should be over by Tuesday to 918 on Nov. beans and 338 on Dec. corn. Not seeing any huge reason to buy but that could change by Tuesday night.


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Dealing with month-end profit-taking

FOR FRIDAY: (9/1) Dealing with month-end profit-taking, position squaring and pre-Labor Day position squaring. Lower pattern completions on grains should be over by Tuesday to 918 on Nov. beans and 338 on Dec. corn. Not seeing any huge reason to buy but that could change by Tuesday night.


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Lower pattern completions on grains should be over by Tuesday

FOR THURSDAY: (8/31) Dealing with month-end profit-taking, position squaring and pre-Labor Day position squaring. Lower pattern completions on grains should be over by Tuesday to 918 on Nov. beans and 338 on Dec. corn.


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Hogs should start short-covering

FOR WEDNESDAY: (8/30) We have to start thinking about month-end profit-taking, fund-squaring and pre-Labor Day thinning out of the trade. That makes new positions a bit more precarious, as profit-taking will enter. Hogs should start short-covering to the upside. Cattle look wild and will do a secondary low the next few days and grains still…


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