Hard to get friendly toward grains

FOR MONDAY: (4/23) Hard to get friendly toward grains. We saw Friday sharply down but didn’t chase and now we may get weak bounces for a few days. Beans have a weak cycle on Monday and aren’t the one to bottom pick. Cattle on Feed report was considered neutral, but numbers seem negative and a…


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Friday the weakest day of the week for grains

FOR FRIDAY: (4/20) Friday is the weakest day of the week for grains but beans just about have put in a pattern completion and only wheat is overbought enough to sell. We see higher grains early next week and most of next week and so sales on Friday may be day-trades. Trade waiting on the…


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Grain cycles friendly on Thursday

FOR THURSDAY: (4/19) Cycles are friendly on Thursday but grains often come off and also cattle so we have to be defensive before the COF report. We could easily see corn and wheat hold up another day but beans look terrible and the grains look heavy. Trade will be position squaring before the COF report.


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Grains need to breakout on Wednesday or they’re in trouble

FOR WEDNESDAY: (4/18) Markets holding up ok but failed to breakout. Wednesday needs to breakout or we’re in trouble in grains. Cycles are friendly for grains the next few days. Overall cycles are very friendly the next few days so we really need some upward action to negate the recent 2-day move retracing.


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Grains should recover into end of the week

FOR TUESDAY: (4/17) Cycle lows came in on Monday and should complete overnight and then grains should recover into the end of the week. We just need to survive any overnight craziness. Wheat did issue a major sell signal but sometimes when that happens, the trade gets oversold and has to recover.


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Will wheat prices drag grains lower on Monday?

FOR MONDAY: (4/16) Will wheat prices drag grains lower on Monday? Profit-taking set in but only wheat is showing very stressful signs. With a low going into this key weekend, we’re may see the market pop out of here–and even if we get a low on Monday, we expect higher prices into April 25-26 next.


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Cattle looking strong into Monday

FOR FRIDAY: (4/13) Going to go with longs on beans and corn if we can get good value. Will pass on wheat. Cattle took off and we can hold into Monday with weather over the weekend and the return to winter.


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Going with long beans, corn

FOR THURSDAY: (4/12) Going to go with longs on beans and corn if we can get good value. Will pass on wheat. Cattle are ok but still may erode on Thursday before they take off. We probably have to go with the cycle inversion cycle into Monday, as markets are not showing too many signs…


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Bean patterns not quite done to the upside

FOR WEDNESDAY: (4/11) The monthly USDA report is often a cycle turn, and it came in as a high for beans and wheat. Patterns to the upside aren’t quite done for beans, and the wheat fundamentals are too good to fade. Normally we would project cycle lows for grains into Sunday/Monday based on our work,…


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USDA report is often a turn for the month

FOR MONDAY: (4/9) Too much news over the weekend to put in too many orders. USDA report on Tuesday will get position squaring going. The USDA report is often a turn for the month, and grain cycles look lower from Wednesday into April 16-17. Cattle are still on the ropes until Tuesday but might bounce…


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