FOR MONDAY: (10/31) Harvest should gain traction the next few days as dry weather is forecast in the Midwest. That should put huge harvest pressure on grains the next few days into the end of the month. Fund position squaring at the end of the month should also be supportive and the 14-day cycle peaks over the weekend and it has been coming in as a high and seasonals are lower in November. We would jump on shorts and hedges on Sunday night. Meats are overdone and least due for a 2-3 day pullback and in case something bigger happens, we had better be short.
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