Wheat surge offers little spillover

FOR TUESDAY: (11/13) Wheat prices got a big lift to start the week from a round of short-covering that was partially fueled by some domestic and global weather worries, plus some increasing export optimism for U.S. grains. We could get some upward momentum from it carrying into corn and holding beans up for a few…


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Stocks cycles point mostly lower into Thanksgiving

FOR MONDAY: (11/12) We looked closely at stocks cycles and most of them point lower into the Thanksgiving holiday and a few days afterwards into Nov. 27. We’re focusing on sales by Nov. 14 at the earliest. Dollar has a good chance to reach upper target of 9694.


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China concerns weighing on ag markets

FOR MONDAY: (11/12) Concerns about China are weighing on ag markets, as their growth is faltering and the reality of the Chinese losses are clear in the USDA reports. Winter wheat is losing ground on more moisture, and early winter snows in some areas are supportive. We need to continue to sell rallies in hogs…


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Grains point higher next 1-2 days

FOR FRIDAY: (11/9) Wild ranges on grains are not definitive for providing too many new clues. We see upward action for at least 1-2 days and we’ll see how they act. Some cycles point higher into next Friday. Data is mixed and we worry about seasonals, which are lower into Thanksgiving. Cattle and hogs need…


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Stocks overbought but not done

FOR THURSDAY: (11/8) We always have a bit of paralysis before FOMC. Stocks are overbought but not done until 2863-66 or 2874 comes in. Logic suggests a recovery for the dollar to 9640-50 but will it hold? Gold isn’t acting well and we may throw out cycles, which are friendly into Friday, and assume it…


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Grain cycles point higher Thursday/Friday

FOR THURSDAY: (11/8) Trade can often congest in sickly ranges before USDA on Thursday, and that makes for boring trade. If you want to gamble on higher prices on Thursday, you can nibble at long corn and beans on Wednesday night or Thursday. Need a bounce on meats to get any risk/reward to sell.


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S&P close above 2755 confirms bullish pattern, cycles

FOR WEDNESDAY: (11/7) With absentee ballots and recounts, we may not get final result for a month but we will get a trend in the morning. Cycles are supportive for a surge overnight and this market will be impossible to play now and probably not in the morning either. As always, waiting on news and…


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Corn will probably hold 375 region until USDA report

FOR WEDNESDAY: (11/7) Trade can often congest in sickly ranges before USDA on Thursday and that makes for boring trade. If you want to gamble on higher prices on Thursday, you can nibble at long corn and beans on Wednesday. Need a 2-3 day bounce on meats to get any risk/reward to sell.


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Bounce to S & P 2740 is a good place to be short

FOR MONDAY: (11/5) Not sure anyone can compete with the high-speed computers and on again, off again Tweets about China. We’ll continue to trade pattern and think that a bounce to S & P 2740 is a good place to be short into the election but that the could shoot out of there by the…


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