Grains setting up for a sale

FOR MONDAY: (9/12) Grains continued to short-cover before USDA report and are setting up a sale, as even a surprise report would lead to sell the overbought condition going into Sept. hedges. Continue to use strength to get rid of cash and hedge, as this market could quickly fall apart and now is getting a bit overbought. Cattle continue their volatile ways but think that Friday’s rally was a fake-out.