FOR TUESDAY: (11/7) We may be running out of upward momentum and we can’t stick around too long with grains and action on corn was a failure. Market could hold up another day or two but looks lower into the end of the week.
JAN. SOYBEANS (electronic ok)
TODAY’S COMMENTS: (11/7) Patterns on beans project 1003 but we are running out of time for upward action beyond Wednesday. Need to take profits and we probably should reverse. Doubt that much above 1005 will come in and seasonals will turn down soon into Thanksgiving.
CYCLES OVERVIEW: Higher Tuesday; topping Wednesday; lower into Friday.