Minor pullbacks may lead to additional short-covering into Wednesday

FOR TUESDAY: Grain cycles are complicated and USDA report on Thursday before the end of the week may lead to a lot of short-covering. Strong closes on Friday were from key pattern completions so minor pullbacks may lead to additional short-covering into Wednesday. We usually don’ like to play this congestive week before the report.


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Grain cycles remain complicated

FOR MONDAY: (3/26) Grain cycles remain complicated and USDA report on Thursday may lead to a lot of short-covering. Strong closes on Friday were from key pattern completions so minor pullbacks may lead to additional short-covering into Wednesday. We usually do not like to play this congestive week before the report. Cattle on Feed was…


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Short-covering will hit cattle before COF

FOR FRIDAY: (3/23) Mixed cycles into Friday. The 29/30-day cycles are friendly for grains, and logic says short-covering will hit cattle before COF on Friday. That makes most sense to us. There is a bearish cycle that peaks into late Friday but could lead to some more downward action, but we’re going to favor some…


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Mixed cycles into Friday

FOR THURSDAY: (3/22) Mixed cycles into Friday. The 29/30-day cycles are friendly for grains, and logic says short-covering will hit cattle before COF on Friday. That makes most sense to us. There is a bearish cycle that peaks into late Friday but could lead to some more downward action, but we’re going to favor some…


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Hard to sell corn in 383 region

FOR WEDNESDAY: (3/21) Spring is officially here. Cycles are mixed the next few days and the market is very oversold. The lower projections for grains entice to what to sell but need to see 477 on July wheat and better prices on corn if we’re going to sell anymore. Cattle may bounce a day, as…


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Too late to chase wheat

FOR TUESDAY: (3/20) Grains fell hard and we missed shorts on beans and it’s late to chase wheat, and corn got dragged under the bus with the two of them. Rains in the U.S. Plains and in Argentina triggered sharp cuts in grain prices to start the week, with winter wheat, spring wheat, soybeans and…


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Not pressing grain sales

FOR FRIDAY: (3/16) Grains continue to be whippy with Chinese trade fears and other craziness happening. Soybean prices saw a double-digit drop Wednesday amid expectations for a huge 2018 U.S. crop, and corn also trended lower, but wheat hung on for some small gains as traders contemplated export data, weather trends, South American crops and…


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Grains continue to be whippy

FOR THURSDAY: (3/15) Grains continue to be whippy with Chinese trade fears and other craziness happening. Soybean prices saw a double-digit drop Wednesday amid expectations for a huge 2018 U.S. crop, and corn also trended lower, but wheat hung on for some small gains as traders contemplated export data, weather trends, South American crops and…


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Getting out of short grains and going long.

FOR WEDNESDAY: (3/14) We looked closely at grain cycles and the most bearish cycles ended last night and most of the cycles into Friday and next Sunday seem friendly. Patterns aren’t done to the downside with beans but definitely getting a bit late to push shorts, and they probably have bottomed already. Getting out of…


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Willing to buy hogs

FOR TUESDAY: (3/13) Not sure the grains will continue much lower past Tuesday or a more congestive pattern may develop. Willing to buy hogs but mixed signals on cattle. JULY CHICAGO WHEAT (electronic ok) TODAY’S COMMENTS: (3/13) Wheat bounced enough that 500 isn’t likely to come out. Market may be a buy in the morning…


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