Cattle look lower this week

FOR TUESDAY: (8/15) Warm and wet conditions in the forecast will help grains and the trade is working on complete the patterns that were not quite complete going into the weekend.  Patterns look just about complete on grains but one more push down would set up a buy for week for traders. Cattle look lower…


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Grain patterns look just about complete

FOR MONDAY: (8/14) Patterns look just about complete on grains but one more push down would set up a buy for week for traders. Cattle look lower this week but need a 1-2 day bounce to get better prices. Hogs look mixed this week.


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Pattern completions on grains seem close

FOR FRIDAY: (8/11) Pattern completions on grains seem close and a little more may lead to pre-weekend short-covering. Cycles for Sunday look lower though. While we see a recovery next week, it may not mean much. Good to bank partial profits before a weekend break.


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Grains likely to fall into Friday

FOR THURSDAY: (8/10) We have a bias toward a fall into Friday for grains and if we get better risk/rewards the next day, we might consider being short a ½ position looking for a fall into Friday and then a recovery next week. Beans never completed pattern to 942, which stands a good chance of…


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Grains sideways into USDA report

FOR WEDNESDAY: (8/9) Expecting a sideways day before the USDA report and as always we will have to take positions during the report to catch the moves. We are inclined to see lower action into Friday but could see the market recover to the upside starting next week.


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Current swings suggest Aug. 7 high

FOR MONDAY: (8/7) Corn and beans put in minimum pattern completions and don’t have to go lower but without much of a rally Sunday/Monday, they easily could go lower. Wheat is a more ideal buy at 451 and got close. Cycles look sideways to higher for grains on Sunday. Next week looks lower. We looked…


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Corn and beans put in minimum pattern completions

FOR FRIDAY: (8/4) Corn and beans put in minimum pattern completions and don’t have to go lower. Wheat is a more ideal buy at 451 and got close and it could hit overnight. Cycles look sideways to higher for grains on Friday and may hold up on Sunday. Next week looks lower. We looked at…


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Could see a secondary low on Dec. corn to 373

FOR THURSDAY: (8/3) Seeing grain weakness overnight and could easily get a secondary low to Dec. corn to 373 and Nov. beans to 967. The rule is usually to buy the secondary low when the dust settles.


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Grains may still correct for a day

FOR WEDNESDAY: (8/2) Tuesday was a very exhausting and frustrating day as the market finally gave it up and we missed the boat and were bottom-picking. We still may be correct and off a day but will be patient and see what develops by morning. Countertrend buys do not need to be rushed into.


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