FOR TUESDAY: (3/7) Cycles are bit mixed but the Goldman roll out of April meats should pressure them lower for at least one more day. Grains also look lower one more day but we do want to buy dips if we get them.
JULY CORN (electronic ok)
TODAY’S COMMENTS: (3/7) Three waves down would more ideally go to 374 and set up a better risk/reward. We are willing to buy a bit higher. We will be patient. The 29-day cycle still could be lower the next day but we may have to be more aggressive adding by Tuesday night or early Wednesday at the latest. Still, will the trade do much before USDA?
CYCLES OVERVIEW: Lower Tuesday; recovering Wednesday/Thursday.
