Cycles suggest short-covering for grains on Friday

FOR FRIDAY: (9/14) Not sure we learned much on Thursday. With weekend harvest pressure, it may be too much to expect a short-covering bounce or a rally on Monday but it’s still early in the harvest season so maybe not too much pressure. Cycles suggest short-covering on Friday and higher prices on Monday. The wild…


Read More

Probably can’t press grain shorts

FOR THURSDAY: (9/13) Wondering when the trade will start worrying about crop loss in South. May be soon. Probably can’t press grain shorts until we get an overreaction to the upside now and grains are very oversold. Hogs finally getting a reality check that we could be repeating 1999 again.


Read More


Stocks still looking bearish

FOR TUESDAY: (9/11) Wondering if 9/11 Memorial will spook anyone on Tuesday. Most markets were quiet and not telling us much, as Super Thursday is approaching with a number of Central Bank meetings (but not the US until Sept. 26). Nothing happening on the commodity front of interest just yet or with other markets. Hurricane…


Read More

Next corn sale may be Wednesday

FOR TUESDAY: (9/11) Trade waiting on Wednesday’s USDA report and many think that corn will miss estimates, and that’s probably the case. Still, upside potential is limited. Hogs should be impacted by the Hurricane, as the Carolinas are huge hog producers. Still, the market came off a 1.20 from the highs.


Read More

Need a pullback into Tuesday to buy cattle

FOR MONDAY: (9/10) Logic has us thinking cool and wet weather over the weekend will spook grain traders higher although many normal cycles would be lower on Sunday/Monday. We are going with logic and we got long wheat and are open to chasing beans more than corn. Need a pullback into Tuesday to buy cattle….


Read More

Not much upside potential for corn

FOR FRIDAY: (8/31) Not wanting to have much on before the long weekend. Grains are oversold and if lower targets come in, then a short-covering rally buy may set up before the USDA report the first few weeks of September. Also have to deal with Canadian stats out on Friday and also any surprises from…


Read More

Beans still too treacherous to buy

FOR THURSDAY: (8/30) Not wanting to have much on before the long weekend so exit meats and continue to take profits on higher pushes on wheat. Unlikely to put much on before the long weekend. Grains are oversold and if lower targets come in, then a short-covering rally buy may set up before the USDA…


Read More


Wheat hits major support

FOR TUESDAY: (8/28) We had the right idea to buy cattle but missed getting in. Wheat hit major support and sometimes you have to buy key numbers. Grains cycles still may be under pressure into at least Wednesday or longer, and not sure no-more-NAFTA news is a total saving grace as the grain trade ignored…


Read More