Hogs look higher after a 3-wave fall

FOR TUESDAY: (7/25) Crop reports were worse than expect and that might give us a bounce to get short. Too much technical damage was done on Monday to negate deeper price falls into Friday. If we get a bounce on cattle, look to sell. Hogs look higher after a 3-wave fall that has held 8000.


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Grains look higher Sunday night

FOR MONDAY: (7/24) Grains were lower on schedule on Friday. Sunday night looks higher and Monday lower but corn had a technical breakdown closing under the 20-day moving average. Beans are of course stronger and more vulnerable.


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Weather could get beans up to 1061 by Sunday

FOR FRIDAY: (7/21) The longer-term weather seems somewhat dire with the drought monitor and that might be enough to get beans up to 1061 by Sunday but we never trust weather news. Corn may go along for the ride. We originally had cycles pointing lower on Friday for grains and we know how quickly weather…


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Look to take profits on long grains by morning

FOR THURSDAY: (7/20) We should see grains recover into the close of the night session but then they look like they turn lower into Friday. Hard to get away with longs in late July and they often sell the bad weather—which is very real. We would take profits on grain longs by the morning and…


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e have a bias for a recovery on Wednesday

FOR WEDNESDAY: (7/19) We hate trading grain weather markets and should give it up and now that computerized funds have taken over it’s more challenging. We have a bias for a recovery on Wednesday but any new sneezes in the wrong direction from the weather people and we could be wrong. Latest forecast adds more…


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Cattle cycles very volatile, seasonals friendly

FOR TUESDAY: (7/18) Never quite sure how they will react to the crop reports but the market could stay bid into Thursday if there’s no major damage on Monday or Tuesday. Cattle cycles are very volatile but seasonals are on its side here. Hogs look mixed.


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Grains could be higher Sunday into early Monday

FOR MONDAY: (7/17) Lately Sundays and Mondays have had strong upward moves when weather disappoints or turns more negative. We think the market could be higher on Sunday into early Monday but then give back gain on Monday, as new selling will emerge if we get that kind of gap. The pollination threat is out…


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Grains look sharply lower Monday night

FOR FRIDAY: (7/14) Collapses in the grains usually can lead to cascading waterfall events as the trade heads for the exits. Still won’t rule out a head-and-shoulders bounce into Monday so chasing has to be followed by quick profits. We had suggested puts on strength and futures are crazy and will still be so. We…


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Thursdays are usually not kind to grains

FOR THURSDAY: (7/13) USDA days can be major changes of trend on the month. There is a conflict between hot and dry setting up into pollination and almost failing tecnnicals. Beans didn’t fail enough yet. I think this was the shake-out move and one divergent high can come but hard to hold grains this late…


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Volatile corrections ahead for grains?

FOR WEDNESDAY: (7/12) The later we get each day into July, the more the market seems vulnerable. USDA report days are often turning points for the month. While we can see the market holding up as late as Friday, we could get volatile corrections here which would be 4th-wave before final highs. We foresee a…


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