Grains not likely to hit more ideal sell targets

FOR WEDNESDAY: (9/20) Grains are rather oversold and we have to give the market a chance to bounce into Tuesday night. Not likely to hit more ideal targets but not willing to chase without a bounce. We continue to focus on looking for recoveries to sell. Grains look lower this week so hedging and cash sales will be important on Tuesday/Tuesday night.Continue reading

Grains look lower this week

FOR TUESDAY: (9/19) Grains are rather oversold going into the Monday night session and we have to give the market a chance to bounce on Tuesday into Tuesday night. Not likely to hit more ideal targets but not willing to chase without a bounce. We continue to focus on looking for recoveries to sell. Grains look lower this week so hedging and cash sales will be important on Tuesday/Tuesday night.Continue reading

Corn: Key resistance at 358 and 360 will be hard to get through

FOR MONDAY: (9/18) We continue to focus on looking for recoveries and now think the market could hold up at least into Sunday and part of Monday. We will put orders in early in case they get hit and the market is down on Sunday. All the grains looked like they did “b” wave retracements and we could still get C-waves up to 362-3 on Dec. corn or 450 on Dec wheat and beans could reach up to 985 or 995.00. Grains look lower next week so hedging and cash sales will be important Sunday/Monday. Meats could be volatile on Monday but then should recover to mid-week.Continue reading

Grains look lower on Thursday

FOR THURSDAY: (9/14) Grains look lower on Thursday and we hope the downside isn’t too much to prevent a recovery on Friday or into Sunday night. All the grains looked like they did “b” wave retracements and we could still get C-waves up to 362-3 on Dec. corn or 450 on Dec wheat and beans could reach up to 985 or 995.00. We need a freeze threat or some other amazing news for it to happen.Continue reading

Grains need freeze threat, other news boost

FOR WEDNESDAY: (9/13) The trade sold the bearish USDA report and then took it back as there’s nowhere to go and we’re not past freeze threats yet. All the grains looked like they did “b” wave retracements and we could still get C-waves up to 362-3 on Dec. corn or 450 on Dec wheat and beans could reach up to 985 or 995.00. We need a freeze threat or some other amazing news for it to happen.Continue reading

Still expecting higher grains into Monday/Tuesday

FOR MONDAY: (9/11) We still expect higher prices into Monday/Tuesday for grains. Have to start selling cattle and the market looks lower all of next week, and this week’s rally has been a gift. Waiting on the hurricane. How much Southeastern crop harvest has been put into the price already? Patterns suggest higher prices into Tuesday so we’ll assume more is coming. Cattle are a sale for a week but getting a good risk/reward will be tricky.Continue reading

Patterns suggest higher grain prices into Tuesday

FOR FRIDAY: (9/8) Waiting on the hurricane. How much Southeastern crop harvest has been put into the price already? Patterns suggest higher prices into Tuesday so we’ll assume more is coming. Cattle are a sale for a week but getting a good risk/reward will be tricky.Continue reading

Have to be patient chasing grains

FOR THURSDAY: (9/7) Impact for Southeastern US harvest will push prices up into the USDA report so we can buy dips but have to pick your spots carefully. We missed getting into beans and they will be hard to chase now. Have to be patient chasing any grains. Cattle up at least one more day with struggling hogs up into Friday but also struggling a bit and cycles turn a bit weaker.Continue reading