Ready to sell more grains

FOR THURSDAY: (3/16) We are ready to sell more grains if we get another push up over the next few days and also cattle if we can get in higher and use strength to continue hedging cattle the next few days.Continue reading

FOMC surprise?

FOR WEDNESDAY: (3/15) No change from this morning. Everything centers around Wednesday with the Dutch election, the FOMC rate hike (no biggie), the debt ceiling expiration and five other reports. Should be interesting. For now we can get positioned in the direction we expect things to go but these markets are always full of surprises. Keeps life interesting.Continue reading

Cattle and hog cycles very weak

FOR WEDNESDAY: (3/15) We would sell any minor bounces in grains the next day as we see pressure into March 26-27. Cattle and hog cycles are very weak and bearish also starting March 20-30 and we’ll have to load up on shorts on hedges on bounces. May be too late without a bounce there.Continue reading

Everything centers around Wednesday

(3/14) Everything centers around Wednesday with the Dutch election, the FOMC rate hike (no biggie), the debt ceiling expiration and five other reports. Should be interesting. For now we can get positioned in the direction we expect things to go but these markets are always full of surprises. Keeps life interesting.Continue reading

Tuesday best day for grains bounce

FOR TUESDAY: (3/14) Tuesday seems the best day for a bounce in grains and if it happens, we need to be selling. Still thinking the major cycle low for grains is March 26-27 but wondering if they are too oversold now. Still can get away with shorts this week. Cattle and hogs should be higher with winter snows. Continue reading

Cycles turn intense into Tuesday

(3/13) Not sure the FOMC meeting matters given a 100% chance for rate hike now and 50% even for June. The big elephant in the room remains the Debt Ceiling and I have not seen any rhetoric out of the White House to address it. Cycles turn intense into Tuesday and a number of markets point lower like crude and stocks and the dollar with gold being higher.Continue reading

Grains have issued sell signals

FOR MONDAY: (3/13) Winter storms over the weekend may excite trade a bit but always hard to play these things. Grains have issued sell signals with projections into March 26-27 and we’ll use any strength to get short but may have a better chance on Tuesday. Cattle look higher at least a few more days and hogs are very choppy and have to play the ranges.Continue reading

March 15 borrowing ceiling limit may spook the markets

FOR FRIDAY: (3/10) Another employment report day but somehow this one seems really important even with over a 94% of a March rate hike. If we get a weak number, the trade and expectations building all week will unravel all over the place. We don’t want to be too heavily positioned. The big Elephant in the room is the March 15 borrowing ceiling limit and the reality of it may spook all the markets particularly if Trump takes a fiscally responsible tact, which he has alluded to in the past.Continue reading

A few energetic cycles could boost prices

FOR FRIDAY: (3/10) There are a few energetic cycles that are rather speculative for expansion and maybe returning winter weather or drier Plains may excite some buying for 2-3 days. Corn finished a pattern to the downside but not beans and wheat failed. Cattle look bid on colder weather.Continue reading