Wheat not done until 405

FOR MONDAY: Not expecting a whole lot of movement. At some point we need to sell beans but have to be patient probably until Monday night. Wheat not done until 405 comes and corn still will hit 359 if you’re patient. We had noted that the last 3 years we didn’t get an August grain…


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Waiting for possible bounce into Monday

FOR FRIDAY: We had noted that the last 3 years we did not get an August grain bounce and even with the best cycles nothing could happen Wednesday. Impossible to be long. Waiting for a possible bounce into Monday to get something short but can’t count on anything. Beans closer to 939 or 946 could…


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Grains looking more bearish Thursday

FOR THURSDAY: We had noted that the last 3 years we did not get an August grain bounce and even with the best cycles nothing could happen today. Looking more bearish for Thursday but no risk/reward on new sales. Only beans managed to bounce off of key support at 921. Wheat starting to project 405…


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Grains not bouncing

FOR WEDNESDAY: Grains not bouncing and closer to our target areas with some in already with lower targets of 363 on Dec. corn and 921 on Nov. beans or 420-1 on Sept. wheat still could come in. If you’re short, take partial profits on multiples. Chances for a huge bounce are small. Last 3 Augusts…


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Cattle look lower this week

FOR TUESDAY: (8/15) Warm and wet conditions in the forecast will help grains and the trade is working on complete the patterns that were not quite complete going into the weekend.  Patterns look just about complete on grains but one more push down would set up a buy for week for traders. Cattle look lower…


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Grain patterns look just about complete

FOR MONDAY: (8/14) Patterns look just about complete on grains but one more push down would set up a buy for week for traders. Cattle look lower this week but need a 1-2 day bounce to get better prices. Hogs look mixed this week.


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Pattern completions on grains seem close

FOR FRIDAY: (8/11) Pattern completions on grains seem close and a little more may lead to pre-weekend short-covering. Cycles for Sunday look lower though. While we see a recovery next week, it may not mean much. Good to bank partial profits before a weekend break.


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Grains likely to fall into Friday

FOR THURSDAY: (8/10) We have a bias toward a fall into Friday for grains and if we get better risk/rewards the next day, we might consider being short a ½ position looking for a fall into Friday and then a recovery next week. Beans never completed pattern to 942, which stands a good chance of…


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Grains sideways into USDA report

FOR WEDNESDAY: (8/9) Expecting a sideways day before the USDA report and as always we will have to take positions during the report to catch the moves. We are inclined to see lower action into Friday but could see the market recover to the upside starting next week.


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