Month-end short-covering should hit grains

FOR WEDNESDAY: (10/31) Month-end short-covering should hit grains, and cycles suggest a 1-day bounce but then lower on Thursday for grains. Cattle have a chance to bounce with hogs also on Wednesday.


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Some grain cycles mixed into Wednesday

FOR MONDAY: (10/29) Some grain cycles are mixed into Wednesday but most of the cycles point lower this week and we can stick with shorts, although wheat is its own animal with the Australian drought.


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Cattle and hogs look lower the next few days

FOR FRIDAY: (10/26) Not seeing any major energy for grains to bounce until early next week so we should stick with shorts for a few more days and if we get enough of a lead on shorts, we can hang on. Cattle and hogs look lower the next few days.


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Grains looking lower until early next week

FOR THURSDAY: (10/25) Not seeing any major energy for grains to bounce until early next week so we should stick with shorts a few more days–and if we get enough of a lead on shorts, we can hang on. Cattle have a cycle high on Thursday and we’ll have to move up stops and probably…


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Hogs close to getting overbought

FOR WEDNESDAY: (10/24) Grains recovering from oversold conditions but still seem in trouble even if we get a bounce on Wednesday. Cattle have at least one more day of bounce in them and hogs are close to getting overbought with a new nigh on Wednesday.


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Grain cycles lower next few days

FOR TUESDAY: (10/23) The 29/30-day cycles are lower the next few days so we can still be selling grains but beans continue to hold a very key area at 855-56 and corn above 363 are healthy. Cattle on Feed report was supportive for back months and cold storage is mixed and not sure how the…


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Harvest pressure likely to take over with dry weather

FOR MONDAY: (10/22) We failed to get into beans or corn but did get short wheat. Harder to chase with the market so oversold but not seeing anything to lift it up sharply. Talks with China at the G-20 are scheduled for Nov. 29, which is quite far away. Harvest pressure will take over with…


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Corn should hold 368

FOR FRIDAY: (10/19) Grains failed and topped early and now they look lower into at least Tuesday and possibly longer. Trade should short-cover cattle before the COF report and we’re not clear on action next week. Hogs are getting oversold and close to key support.


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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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