FOR THURSDAY: (5/3) Willing to sell the weaker beans and cattle and hogs if we can get filled. Cycles overall seem weak but not fighting beans or corn.
JULY CHICAGO WHEAT (electronic ok)
TODAY’S COMMENTS: (5/3) Bearish RSI divergence on the double-top on July but some patterns now project 539. Can’t sell a roaring bull until we get a reversal. The 29/30-day cycles are positive and have to leave it alone. Market needs to start taking out 515 to turn bearish.
CYCLES OVERVIEW: Next key swing low into May 7.
