FOR THURSDAY: (11/1) Grains lower on Thursday but it may be too late to be selling again, although we’re willing to try with beans. Meats look lower on Thursday.
TRADING RECOMMENDATION: Wait for morning comments.
TODAY’S COMMENTS: (11/1) Corn looks lower on Thursday before we see short-covering probably on Friday and Sunday. Will leave it alone. Market more likely to fall to 360.50 and 357.50, and there is probably one more day to be short.
CYCLES OVERVIEW: Generally lower into Thursday; higher Friday into Sunday; lower into Monday.
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