FOR TUESDAY: (2/13) We were wrong in expecting lower grains on Monday, as weather trumped all other factors. Now thinking that grains are higher on Tuesday into Wednesday. Upward momentum with weather seems rather strong and we think it will continue into the end of the week.
MARCH CORN (electronic ok)
TODAY’S COMMENTS: (2/13) Exited shorts Monday night. Corn failed to pull back intraday, and it’s too risky to be short with weather and cycles positive the next few days. Not seeing that much upside beyond 372.75–and if the 363.50 gap gets filled, it can be bought. Hard to chase.
CYCLES OVERVIEW: Recovering Tuesday and part of Wednesday; lower into Thursday; higher into Friday.
