Can wheat continue to lift corn, beans?

FOR TUESDAY : (6/27) Not sure if wheat will pull the rest of the complex up but we would like to see lower grains before taking more profits off. We have to roll out of July soon and into Nov. beans and Dec. corn anyways and will pull some profits off so we can rollover.


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Cattle oversold

FOR MONDAY: (6/26) Would expect a climax in lower prices for grains by Sunday night/Monday and then some short-covering into the report or at least a bounce into Wednesday. Time to take partial profits but just not looking good for a positive report on Friday or into a July 3 cycle. Cattle on Feed report…


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Cattle overdone ahead of COF

FOR FRIDAY: (6/23) Always nice to take profits before weekend and livestock reports. Possible that a final push down by Sunday or early Monday will be followed by a bounce going into the USDA report next week. In the end the crop looks good and rains and coolness will continue to be supportive. Market overdone…


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Continue to expect grain weakness

FOR THURSDAY: (6/22) We would continue to expect grain weakness but keep an eye on European weather and how much rain hits the Delta in case short-covering comes out of nowhere. Short-covering likely by Friday before the COF report also.


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Wheat weather in focus

FOR WEDNESDAY: (6/21) The trade is already playing the latest storms so not enough rain and they would go up. We’re at the point in the season where things usually fall apart and grains came off enough, except for wheat to suggest that’s the case so we may have to jump on more shorts tonight….


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Use rallies Tuesday night/early Wednesday to add shorts, hedges, cash sales

FOR TUESDAY: (6/20) Crop conditions report showed a 4-point fall in wheat conditions and it might allow some spillover buying to corn and beans and get those market higher into late Tuesday or early Wednesday so that we can sell. Grains opened higher but maybe only wheat can run away and use rallies into Tuesday…


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Grains could be down hard Sunday/Monday

FOR MONDAY: (6/19) Can wheat continue to lead the way when corn and beans will be ok? We hate going into these weather weekends and have to use big stops to deal with the craziness on the news. The speculative cycle that topped grains last year is due right here so even if there’s a…


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Top-picking until at least Sunday

FOR FRIDAY: We missed a speculative cycle into Friday which last has caused the major cycle top last June and we think it is probably repeating. That will have us cautious top-picking until at least Sunday. JULY SOYBEANS (electronic ok) SWING TRADING RECOMMENDATION: Hold July bean shorts from 938 with a 946.50 stop. TODAY’S COMMENTS:…


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Beans stay strong

FOR WEDNESDAY: (6/7) Soybeans were higher on commercial and technical buying. Demand’s good and old crop/new crop spreads were a factor, but there’s a long way to go in the growing season and a lot of uncertainty about acreage. U.S. planting and development are close to average, with the first condition rating of the season…


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Focus on weather, planting progress

FOR TUESDAY (6/6) The trade was watching the U.S. planting pace with a mixed forecast for the Midwest and Plains over the next few days. As of Sunday, 83% of U.S. beans are planted, compared to the five year average of 79%, and 58% have emerged, compared to 59% on average. No states have officially…


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