FOR FRIDAY: (3/10) There are a few energetic cycles that are rather speculative for expansion and maybe returning winter weather or drier Plains may excite some buying for 2-3 days. Corn finished a pattern to the downside but not beans and wheat failed. Cattle look bid on colder weather.
JULY SOYBEANS (electronic ok)
TODAY’S COMMENTS: (3/10) Beans are in trouble with better SA weather, bearish USDA numbers and falling crude oil prices. Market took out 1023 enough that the lower target of 1008.75 may hit early Friday before a reversal back to 1031.50 happens into next week. Too crazy to buy but we may get rather spikey and crazy into Tuesday and we have to hold out for better levels to sell.
CYCLES OVERVIEW: Higher Friday/Sunday/Monday and into Tuesday.
