FOR TUESDAY: (9/18) We found a new cycle low for grains into Wednesday that we missed in earlier research so no reason to bottom pick corn early. Beans projecting 805 now and wheat could easily get taken along for the ride. Will the trade buy the fact of the China sanctions or will they just quickly drop it another rung. No reason to but can you get into shorts?
NOV. SOYBEANS
TODAY’S COMMENTS: (9/18) Market stayed above key support at 822.50 and 829 didn’t come out. Patterns suggest 811-13 and 805 the next few days. Still can make money selling and not in a rush to buy at all. May see 777 before harvest is complete.
CYCLES OVERVIEW: Lower into Wednesday.
