FOR TUESDAY: Cycles are complicated going into next week and we still have to run more data. End- of-week position squaring always a problem but cattle still look lower one more day and grains look mixed.
JULY CORN (electronic ok)
TODAY’S COMMENTS: (3/3) We’ll be patient about buying more corn for another day unless our buy comes in at 376.50. Key support at 384 has held so far. The pattern is rather unclear and there is no real place to put stop other than below 374.
CYCLES OVERVIEW: Higher Friday.
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