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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Corn needs at least one more high to 424-425

FOR TUESDAY: (7/11) Trade waiting on USDA report for Wednesday but may not mean much if weather shifts. Usually by the 2nd week of July you have to be short corn. We watch patterns to keep us out of trouble and corn needs at least one more high to 424-5 on Dec. and beans to…


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Cycles look lower into Monday

FOR MONDAY: (7/10) Trade waiting on USDA report for Wednesday but may not mean much if weather shifts. Usually by the 2nd week of July you have to be short corn. Beans hit minimum weekly chart target so we have to get some sold. Cycles look lower into Monday but then volatile on Tuesday and…


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Use strength to get into Nov. bean puts, Dec. corn puts

FOR FRIDAY: (7/7) Wheat has been leading the market higher and hit a sell signal yesterday and the trade continued liquidation today. Wheat has pulled the corn and beans up and we have to wonder if it will now pull the grains lower and it is a big yellow flag. Beans didn’t allow us to…


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Still seeing higher grain prices into Friday

FOR THURSDAY: (7/6) The weekly crop condition report suggests a dip for corn and higher bean prices and wheat is on fire—literally. We hate weather markets but can see buying corn if we can buy near 400 and doubt we’ll get a retest of 980 to buy beans but will try. Still seeing higher prices…


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Cattle look higher on Wednesday

FOR WEDNESDAY: (7/5) We dread the 4th of July weekend. Weather going in is bullish and some cycles point higher into Friday but usually if you get something on by July 4th you do well in the long run. Buy Dec. 400 puts or Nov. 950 puts may be one way to play it and…


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Sell and hedge before July 4th

FOR MONDAY: (07/03) We’ve seen this cycle happen before July 4th where the market gets all excited and then falls apart after the holiday. The fundamentals for North Dakota shouldn’t spill over into beans and corn but the funds like to play this game and are not farmers. The gift is higher prices for bean…


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Trade waiting on USDA reports

FOR THURSDAY: (6/29) Trade waiting on the USDA report and end of the month fund position squaring. Weather looks good going into the weekend and the 4th of July unless rain disappoints. Weather may warm up in July so not sure how much more we can hold shorts past July 5, as we could get…


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