Weak closes on grains should set up new lows into Monday

FOR FRIDAY: (8/5) Weak closes on grains should set up new lows into Monday and willing to sell if we have a good risk/reward. Cattle are hooking lower and may be down into the middle of next week and hogs are too oversold to be chasing. We have to stay open to 323 on Dec. corn into Monday still but a buy should finally set up by then for the August rally–but it will be sickly.