Cycles suggest grains rally

FOR FRIDAY: (8/10) Another USDA report day. Cycles suggest a rally and usually these reports need to be sold and are key turning points. Grains look clearly lower next week and profit-taking will set in. The worst of the cattle fall should be over and we see a one-week recovery. Hogs put in a key…


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Cycles for Friday’s report look friendly

FOR THURSDAY: (8/9) Markets are often choppy before the USDA report, and that makes trading tricky as you have to get in and out every day. So far, we’re justified in getting out of short beans but they’re not exactly running away. Cycles for Friday’s report look friendly and chances are that any secondary highs…


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Volatile cycles ahead

FOR WEDNESDAY: (8/8) Markets are often choppy before the USDA report, and that makes trading tricky as you have to get in and out every day. So far, we’re justified in getting out of short beans but they’re not exactly running away. Cycles are volatile the next few days so probably will leave them alone.


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Corn nearing a new high

FOR TUESDAY (8/7) Grains may be sideways before the USDA report on Thursday but with an upward bias and they are very oversold so we have to wait for better levels to sell. Corn could make a new high. We have a bias toward higher grains the next few days and the weaker than expected…


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Cattle pointing down on Monday

FOR MONDAY: (8/6) Will warmer weather spook grains higher on Monday? Cycles suggest it could but it would be a bogus secondary high and should be followed by lower prices on Tuesday. Still, this market doesn’t want to go down despite an outlook for a record crop. Cattle may be down for a day and…


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Beans issue a sell signal

FOR FRIDAY: (8/3) The 29-day cycle is usually weak for grains on Friday but without a deep break, we’ll be concerned about higher prices for Sunday/Monday. Wheat hasn’t finished upward patterns and corn hasn’t broken enough to discount 391.50. Sometimes the action is quiet before a weekend break. We may exit by the open of…


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Doubt that corn will get to 391

FOR THURSDAY: (8/2) After the close, Trump gave a one-week extension to China on more tariffs and wondering if that will allow a bit of a relief rally for beans overnight. If we are to sell more beans overnight, we have to wait and see what develops. They just missed the major breakdown point of…


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Upper targets complete on grains

FOR WEDNESDAY: (8/1) Cycles still point lower into the end of the week and upper targets are complete although corn would hit 391.50. We have three cycles that should turn this market weaker into the end of the week.


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Lower cycles for most of next week

FOR MONDAY: (7/30) Our original work suggested a recovery on Sunday but if it happens, it would be a chance to sell, as cycles for most of next week seem lower and we’re probably at a point where selling pressure will increase unless there’s some wildly good news. Use any strength to take more protection….


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