Not sure beans will be up for more than a day

FOR THURSDAY: (10/18) Running out of time for upward action and basically only Thursday and then could be lower into at least Tuesday or Wednesday of next week and probably even Friday. Exiting long grains and will get short on Friday. Cattle traders waiting on COF report after the close on Friday, and cattle should…


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Grains bottoming Wednesday

FOR WEDNESDAY: (10/17) Not liking cycles for grains on Wednesday but Thursday looks higher. Still, grains could turn around mid-day so it will be tricky, and not sure how much we want to chase. Upper targets for corn at 388 and for beans 905 and for wheat 536-540 before we can sell the pattern completion…


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Dec corn projecting 388 by week’s end

FOR TUESDAY: (10/16) Have to wait for a 1-2-day pullback to buy grains. We had a volatile cycle today and it came in and peaked and it’s not like we’re in June with a drought market and the worst of the rains may also be behind us.


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Beans should hold 863 on dips

FOR MONDAY: (10/15) We got our oversold bounce on grains. Grains could hold until Monday. Still, we’re going into a harvest weekend and rains are diminishing but how much can fields dry out? Some of the cycles point higher into Monday but we’ll wait for the morning to see what develops.


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Grains could hold up until Monday

FOR FRIDAY: (10/12) We got our oversold bounce on grains, as the report estimates came in not as badly as expected. Grains could hold up until Monday. Still, we’re going into a harvest weekend and rains are diminishing but how much can fields dry out? Some of the cycles point higher into Monday but we’ll…


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Beans have issued a sell signal

FOR THURSDAY: (10/11) We have a negative reaction due for grains for Thursday but they are rather oversold already and harder to chase, and the market should recover off of any dips on Thursday. Cattle due for a bounce and will stick with hog shorts for Thursday.


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Our bias: a negative reaction to WASDE

FOR WEDNESDAY: (10/10) There are more cycle lows than highs this week, and we do have Thursday’s USDA report, which looks like it will come in as a cycle low. Usually safer to sell key number and pattern completions, which is 372 on Dec. corn. Not sure we’ll get it. Cattle still in trouble, as…


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Still open to selling pattern completion on corn

FOR TUESDAY: (10/9) There are more cycle lows than highs this week, and we do have Thursday’s USDA report, which looks like it will come in as a cycle low. Weekly reports are delayed until 3 pm Tuesday because of Columbus Day. Thinking that action may be too sickly this week to make money but…


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Grain cycles for rest of October look lower

FOR FRIDAY: (10/5) Grains held up well on Thursday. We’re OK putting in buy for beans from lower levels but wheat isn’t close enough to ideal buy zone of 510. We looked at Oct. grain cycles. Open to the market holding up next week but it’s harvest time and not sure we can count on…


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Tricky fighting harvest pressure

FOR THURSDAY: (10/4) Not thrilled with grain action on Wednesday and we see beans lower and it could drag the rest of the complex down. If grains hold up ok on Thursday, we could still see a recovery on Friday. Still, it’s tricky fighting harvest pressure, which could kick in quickly if rains let up.


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