FOR FRIDAY: (9/30) Last of the month is often short-covering and profit-taking for funds no matter what the USDA comes up with. Hard to imagine anything friendly. Rallies will continue to need to be sold with harvest pressure and hard to imagine beans having a good number. We’ll continue to play cycles and patterns. We probably still need to be short corn and beans next week unless there’s a huge surprise. Cattle close to being done and hogs may be lower all of next week if the report goes poorly, as cycles are there for problems.

Comments are closed.