Current swings suggest Aug. 7 high

FOR MONDAY: (8/7) Corn and beans put in minimum pattern completions and don’t have to go lower but without much of a rally Sunday/Monday, they easily could go lower. Wheat is a more ideal buy at 451 and got close. Cycles look sideways to higher for grains on Sunday. Next week looks lower. We looked…


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Corn and beans put in minimum pattern completions

FOR FRIDAY: (8/4) Corn and beans put in minimum pattern completions and don’t have to go lower. Wheat is a more ideal buy at 451 and got close and it could hit overnight. Cycles look sideways to higher for grains on Friday and may hold up on Sunday. Next week looks lower. We looked at…


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Could see a secondary low on Dec. corn to 373

FOR THURSDAY: (8/3) Seeing grain weakness overnight and could easily get a secondary low to Dec. corn to 373 and Nov. beans to 967. The rule is usually to buy the secondary low when the dust settles.


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Grains may still correct for a day

FOR WEDNESDAY: (8/2) Tuesday was a very exhausting and frustrating day as the market finally gave it up and we missed the boat and were bottom-picking. We still may be correct and off a day but will be patient and see what develops by morning. Countertrend buys do not need to be rushed into.


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Looking to buy beans

FOR TUESDAY: (8/1) While speculators can have a bias toward being long grains into Thursday with seasonal patterns and cycles, there’s no reason to step in early. We probably can buy any weakness tonight or wait to buy with the funds on Tuesday. This is just an oversold play but patterns and confirmations for buys…


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Beans have completed enough downside to negate new sales

FOR MONDAY: (7/31) Beans have completed enough downside to negate new sales. We have to think that could bleed into corn and even if we want to see lower prices to 355 on Dec. corn, we probably have to get through a congestive week of choppy action and not sure when it will break. We…


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One more chance for weaker prices on Friday

FOR FRIDAY: (7/28) We-re approaching end of the month, and fund short-covering may continue. We have one more chance for weaker prices on Friday and then we’re concerned that Monday and next week will be up and will start a 3-week August countertrend summer rally. Hogs are sluggish also and cattle seem a bit thin…


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One more chance for weaker grains on Friday

FOR FRIDAY: (7/28) We-re approaching end of the month, and fund short-covering may continue. We have one more chance for weaker prices on Friday and then we’re concerned that Monday and next week will be up and will start a 3-week August countertrend summer rally. Hogs are sluggish also and cattle seem a bit thin…


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Grains to head lower for a few more days

FOR THURSDAY: (7/27) Should see grains head lower for a few more days but very oversold. We’re still open to selling beans and corn but wheat is too close to key support at 469.50. Cattle are often down on Thursdays and hogs still have a chance to reach to 8340. 


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Grains may get a minor bounce on Wednesday

FOR WEDNESDAY: (7/26) May get a sick, minor bounce on grains on Wednesday but inclined to expect weaker prices into Thursday and Friday. We would continue to sell rallies but probably have to take profits on shorts by Friday/Monday.


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