FOR THURSDAY: (4/6) We’re willing to sell beans an wheat if we get a bounce and hogs should be a buy if we can get in lower. Cattle may be done here for now but we never like being long on a Thursday.
JULY CORN (electronic ok)
TODAY’S COMMENTS: (4/6) Resistance on July corn at 373.25 and then 375.00. Support at 366.50. We’re not interested in selling and earlier in the week, we thought we might only see 370 anyway. If the market holds well through Thursday, it might inspire a buy by Thursday night into Friday and Sunday for higher prices.
CYCLES OVERVIEW: Lower into Thursday; higher into Friday.
