FOR MONDAY: (8/27) Warm weather may cause a little short-covering on Monday but we need the crops to dry out now and the forecast for the first few weeks of September is helpful. Any bounces into Monday should set up sales. COF report was bearish but market is very oversold so we may get Cattle…
FOR FRIDAY: (8/24) Grain cycles are still weak into Monday and while we had this week lower, we were unable to get anything short. Rain has come on time in August, increasing the chances for big soybean and corn crops. Farmers need to empty bins of old crop supplies, producers need to price basis and…
FOR THURSDAY: (8/23) Grains in trouble into Friday. Cattle also looks lower into Friday, and have to sell bounces on hogs.
FOR WEDNESDAY: (8/22) Grains may give us minor bounces on Wednesday to get short if you’re not in. Market in trouble into Friday. Cattle also looks lower into Friday, and have to sell bounces on hogs.
FOR MONDAY: (8/20) Inflationary cycles peak on Monday and it could pull grains up for a final flourish but grains look lower the rest of the week and inevitably Chinese talks will fail and the market will head lower. At the point where we have to worry about seasonal pressure starting to come in. Cattle…
FOR FRIDAY: (8/17) Expect that grains will hold up but could be lower on Sunday/Monday if there’s any surprise negative news from China. Hard to take anything home, and the optimism about China may hold the market up into Monday until there is the next disagreement. Tired of this story. Cattle didn’t go down and…
FOR THURSDAY: (8/16) Usually we can count on grains moving lower on Thursdays, and Wednesday’s failure is a reminder that this market is still a bit on the ropes. Weather is cooling and wetter and that will alleviate any late concerns about beans. Cattle recovered but unlikely we’ll stick around too much longer, as we…
FOR WEDNESDAY: (8/15) Grains bounced to the upper edges. Much more and beans will issue a buy signal, and the bounce looks healthy. Meats remain a bit sickly but we bought in case they find some strength.
FOR TUESDAY: (8/14) While farm prices eroded on follow-through selling from USDA’s bearish corn and soybeans estimates Friday, stock values around the world fell on spreading concerns about the financial crisis in Turkey, where the lira made a new all-time low. Rains are headed to the southern Plains and Midwest over the next week as…
FOR MONDAY: (8/13) Never got the spike higher to get more shorts on but we’ve been hedging early. Grains cycles look mostly down for a week now, and the reality of the crop size and condition may continue to impact the market. Will be difficult to get new positions on but we’ll see what we…