Wheat and beans are better values

FOR TUESDAY: (8/9) Forecasts keep rain in parts of the Midwest early this week. Highs in the mid-90s are expected in eastern Nebraska and western Iowa this week, but forecasts show highs will be in the 80s by the weekend. The 6- to 10-day (Aug.13-17) puts hot weather in the northern Midwest and northern Plains,…


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Grain cycles lower on Monday

FOR MONDAY: (8/8) Weak closes on grains should set up new lows into Monday but there was not enough definitive movement for us to feel totally safe. Cycles for grains point lower into Monday but not sure we will stick around much after the USDA weekly report. Cattle look like they need to retrace on…


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Weak closes on grains should set up new lows into Monday

FOR FRIDAY: (8/5) Weak closes on grains should set up new lows into Monday and willing to sell if we have a good risk/reward. Cattle are hooking lower and may be down into the middle of next week and hogs are too oversold to be chasing. We have to stay open to 323 on Dec. corn…


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Positive cycles peak overnight for grains

FOR THURSDAY: (8/4) Positive cycles peak overnight for grains and meats but possible that grains could come back into the close. We continue to be open to one more push lower into Monday and we aren’t quite willing to top-pick for shorts until Thursday night or early Friday. Cattle had a nice run up on…


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Grains due for a countertrend bounce

FOR WEDNESDAY: (8/3) Still like the long side of meats for Wednesday and also grains for a counter-trend bounce. Macro data is centered on US employment numbers on Friday. Soybeans closed lower for the second day on Tuesday as weather forecasts show mild conditions the next two weeks and USDA late on Monday said corn…


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Breakdown to lower levels on Tuesday

FOR TUESDAY: (8/2) Warm and wet conditions are like a greenhouse—not fun to live in but great for growing. Beans are losing their fear premium. While temperatures turn warmer into mid-August, storms continue to rumble across the Corn Belt with maps for the next seven days showing coverage in most areas. Official 6- to 10…


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Oversold grains likely to turn seasonally higher next week

FOR MONDAY: (8/1) Hot weather is expected early next week in the western Midwest with temperatures in the mid- to high 90s forecast Monday through Wednesday in Nebraska and Iowa, and in the 80s to low 90s elsewhere. The 6-to 10-day outlook (Aug. 3-7) is hot and dry for the western Midwest and hot for…


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29-day cycle might allow a recovery for grains

FOR FRIDAY: (7/29) Month-end position-squaring by funds and the 29-day cycle might allow a recovery for grains, and usually they are higher after August 1 for a few weeks. Temperatures in the mid-90s are forecast Monday through Wednesday in Nebraska and Iowa, and in the 80s to low 90s elsewhere. The 6-to 10-day outlook (Aug….


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Weather threat vs. month-end profit-taking

FOR THURSDAY: (7/28) The 6-to 10-day outlook (Aug. 1-5) favors about an 80% chance for above-normal temperatures near the Great Lakes then and 70% chance for the remainder of the Midwest. That forecast has normal to above-normal chances for rain then. Besides weather, beans were also boosted a bit by China. We’re at odds between…


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