FOR TUESDAY: (8/29) Rains last week improved crops but is the market oversold enough that a bounce will start soon. Some key numbers are close now and cycle lows due by Wednesday. Cattle are overbought already from the report and hope to get a secondary low by Friday to buy. Hogs seasonally bottom here.


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Open to a Sunday grain bounce

FOR MONDAY: (8/25) We’re open for a Sunday bounce but patterns to the downside on corn aren’t complete. The Cattle on Feed report wasn’t as bad as expected, with placements coming in at 2.7% increase vs. expectations for 6.2%. The good news is that once the large supply overhanging the market dries up in the…


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Cycles volatile on Friday

FOR FRIDAY: (8/25) Cycles are volatile on Friday and not sure if anyone will care about the hurricane. Yellen is also speaking in Jackson Hole so the week should end with a bang. Markets are very oversold but the trend down for grains is very strong. Any bounces will be a gift.


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Corn keeps making new lows

FOR THURSDAY: (8/24) Grains still in trouble, as corn keeps making new lows along with wheat. Favorable weather will support filling of bean pods and increase yields. Hogs still lower a few more days so sell rallies and cattle congesting before COF report but should go lower.


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Grains still in trouble

FOR WEDNESDAY: (8/23) Grains still in trouble, as corn keeps making new lows along with wheat. Spreading against long beans is preventing beans from breaking and support from oil is helping. Cattle up one more day but then we would exit before pre-COF position squaring enters. Cold storage report is friendly and worth a day…


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Grains could bounce overnight from oversold conditions

FOR TUESDAY: (8/22) Grains could bounce overnight from oversold conditions but in the end they seem lower into Friday and even if they’re oversold, they’re in trouble. Would resell beans if they stay under 950 in the early morning and corn is rather beaten up but wheat going to 391 might pull it lower. Cattle…


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Wheat not done until 405

FOR MONDAY: Not expecting a whole lot of movement. At some point we need to sell beans but have to be patient probably until Monday night. Wheat not done until 405 comes and corn still will hit 359 if you’re patient. We had noted that the last 3 years we didn’t get an August grain…


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Waiting for possible bounce into Monday

FOR FRIDAY: We had noted that the last 3 years we did not get an August grain bounce and even with the best cycles nothing could happen Wednesday. Impossible to be long. Waiting for a possible bounce into Monday to get something short but can’t count on anything. Beans closer to 939 or 946 could…


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Grains looking more bearish Thursday

FOR THURSDAY: We had noted that the last 3 years we did not get an August grain bounce and even with the best cycles nothing could happen today. Looking more bearish for Thursday but no risk/reward on new sales. Only beans managed to bounce off of key support at 921. Wheat starting to project 405…


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Grains not bouncing

FOR WEDNESDAY: Grains not bouncing and closer to our target areas with some in already with lower targets of 363 on Dec. corn and 921 on Nov. beans or 420-1 on Sept. wheat still could come in. If you’re short, take partial profits on multiples. Chances for a huge bounce are small. Last 3 Augusts…


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