Grains look higher on Wednesday

FOR WEDNESDAY (5/16): Grains may have bottomed for the week and look higher on Wednesday and probably into Friday. Meats are due for at least a one-day bounce. Still, grain and hog markets could yield unexpected surprises on Wednesday due to a surprise cycle so watch these markets carefully on Wednesday.Continue reading

Lower dollars for next few days

FOR TUESDAY (5/15): The Dollar recovered late as stocks gave up their overnight gains following remarks from Commerce Secretary Wilbur Ross that seemed to pour cold water on Trump’s overnight tweet on ZTE and hopes that a trade war with China was easing. We see lower dollars the next few days so not sure what will change overnight but overall, we’re looking for pullbacks on stocks into Wednesday but still open to new highs if 2700 holds into Wednesday’s low.Continue reading

Major cycle peaks into late Tuesday, early Wednesday

FOR TUESDAY (5/15): Major cycle for many markets peaks into late Tuesday and early Wednesday, and we should bounce out of there into Thursday for many markets. Enjoy several days of above-average temperatures across much of the central U.S. this week, with a fair amount of rain also expected over the next three days, with the best chances for significant accumulation in the eastern Corn Belt during this time. Parts of the Southern Plains could also receive some much-needed rainfall later this week.Continue reading

Markets poised to pull back

FOR MONDAY: (5/14) Upside patterns on crude and stocks could get realized Sunday night and part of Monday but we should get a pullback into at least Wednesday. Not expecting the end of the world for any markets but they are overblown from this week and pullbacks would be healthy.Continue reading

Hogs, cattle look lower on Monday

FOR MONDAY: (5/14) Grains are oversold and may open lower on Sunday but then recover in short-covering for 1-2 sessions. May still be lower into Wednesday for a wash-out low. Hogs and cattle look lower on Monday also but then should recover. We are open to buying meats on Monday for rallies into Wednesday.Continue reading

Mixed signals for grains

FOR FRIDAY: (5/11) Mixed signals but we are more inclined to think the market will break into the weekend and can stay short grains. Cattle and hogs look sideways but overall are looking better for a buy into next week but we need to pick our spots carefully.Continue reading

Bullish energy the next few days

FOR THURSDAY: (5/10) We have a bias toward strength and bullish energy the next few days for many markets so we see no reason to top-pick stocks or crude. Gold and silver will be the victims and we need to find a way to get into the dollar.Continue reading

Have to leave grains alone

FOR THURSDAY: (5/10) Grain cycles are mixed, with many suggesting a recovery into Friday but we‘ve seen them invert so often that we like to stick with patterns. If wheat completed 5 waves down to 500.50 and pulled corn down for a divergent low, then we could get a recovery into Friday. Have to leave grains alone and the trade may leave them rather congestive before USDA report.Continue reading

Cycles volatile for Wednesday

FOR WEDNESDAY: (5/9) Cycles are volatile for Wednesday so we don’t sense an easy trade for crude or stocks but they may stabilize later in the week. The press is confused about the terms of pulling out of the Iran deal and they are rather complicated but Iran still wants to negotiate with the other partners in the deal, and it will take months to put sanctions on again and a new deal could happen by then. In the end, the Israel and the Military Industrial complex want war and we have to admit that the billions of dollars from the deal that support a regime that hates us and terrorizes the Middle East isn’t a good investment. You have to dig really deep to understand all the issues here.Continue reading