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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Cattle look higher on Monday

FOR MONDAY: (3/12) Technicals issued strong sell signals for wheat and beans although we had noted them earlier. If we get bounces, we can still sell as a larger pullback is likely to happen now. Cattle look higher on Monday on the technically strong close and hogs are unclear.


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Grains could hold up into Friday

FOR WEDNESDAY: (3/7) We looked closely at grain cycles and could see grains holding up into Friday and higher pattern completions coming in. Cattle look lower for a few days and hogs look lower into Thursday. USDA report on Thursday may create sideways action position squaring now. Wild spillover from Financial markets likely also.


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Cattle look lower for a few days

FOR TUESDAY: (3/6) We looked closely at grain cycles and could see grains holding up into Friday and higher pattern completions coming in. Cattle look lower for a few days and hogs look lower into Thursday.


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Grains topping Monday, then lower

FOR MONDAY: (3/5) We have a bias for topping grains over the next session and lower action into March 12-13. We do sense that they are very overdone and any shift in bullish weather will lead to massive selling, so be careful. Hogs look lower next week but Monday could be higher and cattle may…


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Time and price targets may be complete by Monday

FOR FRIDAY: (3/2) We do sense a completion of bullish grain energy by Sunday or early Monday and then a pullback for at least 5-6 days. Still, this market keeps galloping and July wheat projects 544 and July beans a 1082.50 or 1088, and July corn could get pulled up to 400. Time and price…


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Hard to chase on a Thursday

FOR THURSDAY: (3/1) Didn’t get our pullback and hard to chase on a Thursday, which is often lower. Market remains very strong so not sure what to do. When these markets start turning into weather markets, pullbacks are minor and sometimes you have to jump. July wheat looks like a buy at 501 and July…


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Hogs look terrible technically

FOR WEDNESDAY: (2/28)) March grain first day notice should create some profit-taking there, and that’s why we can’t be long those contracts. Cattle should bounce 1 more day and hogs look terrible technically but may stabilize on Wednesday. End of the month fund profit-taking can distort patterns, cycles and technicals.


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Cattle should bounce 1-2 days

FOR TUESDAY: (2/27) March grain first day notice should create some profit-taking there, and that’s why we can’t be long those contracts. Cattle should bounce 1-2 days and hogs look terrible technically but may stabilize and bounce on Tuesday.


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