Patterns suggest higher grain prices into Tuesday

FOR FRIDAY: (9/8) Waiting on the hurricane. How much Southeastern crop harvest has been put into the price already? Patterns suggest higher prices into Tuesday so we’ll assume more is coming. Cattle are a sale for a week but getting a good risk/reward will be tricky.


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Have to be patient chasing grains

FOR THURSDAY: (9/7) Impact for Southeastern US harvest will push prices up into the USDA report so we can buy dips but have to pick your spots carefully. We missed getting into beans and they will be hard to chase now. Have to be patient chasing any grains. Cattle up at least one more day…


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Still see a recovery for meats this week

FOR WEDNESDAY: (9/6) We ‘ve been thinking early frost this year because of a very cool August and now parts of western NE may experience it on Wednesday and that could spook the market more. While the hurricane’s path is unknown, damage to orange groves is likely and those hurricane remnants may hurt Southern harvest….


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Lower pattern completions on grains should be over by Tuesday

FOR TUESDAY: (9/5) Lower pattern completions on grains should be over by Tuesday to 918 on Nov. beans and 338 on Dec. corn. Not seeing any huge reason to buy but that could change by Tuesday night.


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Dealing with month-end profit-taking

FOR FRIDAY: (9/1) Dealing with month-end profit-taking, position squaring and pre-Labor Day position squaring. Lower pattern completions on grains should be over by Tuesday to 918 on Nov. beans and 338 on Dec. corn. Not seeing any huge reason to buy but that could change by Tuesday night.


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Lower pattern completions on grains should be over by Tuesday

FOR THURSDAY: (8/31) Dealing with month-end profit-taking, position squaring and pre-Labor Day position squaring. Lower pattern completions on grains should be over by Tuesday to 918 on Nov. beans and 338 on Dec. corn.


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Hogs should start short-covering

FOR WEDNESDAY: (8/30) We have to start thinking about month-end profit-taking, fund-squaring and pre-Labor Day thinning out of the trade. That makes new positions a bit more precarious, as profit-taking will enter. Hogs should start short-covering to the upside. Cattle look wild and will do a secondary low the next few days and grains still…


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FOR TUESDAY: (8/29) Rains last week improved crops but is the market oversold enough that a bounce will start soon. Some key numbers are close now and cycle lows due by Wednesday. Cattle are overbought already from the report and hope to get a secondary low by Friday to buy. Hogs seasonally bottom here.


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Open to a Sunday grain bounce

FOR MONDAY: (8/25) We’re open for a Sunday bounce but patterns to the downside on corn aren’t complete. The Cattle on Feed report wasn’t as bad as expected, with placements coming in at 2.7% increase vs. expectations for 6.2%. The good news is that once the large supply overhanging the market dries up in the…


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Cycles volatile on Friday

FOR FRIDAY: (8/25) Cycles are volatile on Friday and not sure if anyone will care about the hurricane. Yellen is also speaking in Jackson Hole so the week should end with a bang. Markets are very oversold but the trend down for grains is very strong. Any bounces will be a gift.


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