FOR WEDNESDAY: (3/21) Spring is officially here. Cycles are mixed the next few days and the market is very oversold. The lower projections for grains entice to what to sell but need to see 477 on July wheat and better prices on corn if we’re going to sell anymore. Cattle may bounce a day, as may hogs but those markets remain very bearish.
JULY CORN (electronic ok)
TRADING RECOMMENDATION: Wait for morning comments.
TODAY’S COMMENTS: (3/21) Did not get near 387 for a sale and we may see 378.75 before a recovery to 385 or 388. Will decide in the morning. Hard to sell the 383 region and possible that 387 may come in on Wednesday and then lead to 379. Larger patterns project 375.
CYCLES OVERVIEW: Lower into Friday.
