Crude drags grains lower

FOR WEDNESDAY: (11/14) Grains failed as crude collapsed over 4.00 and dragged corn and beans lower. We are not seeing wildly bearish action for grains on Wednesday but if we get failed secondary highs, we may feel better about shorts for the rest of the week. Also need higher numbers for cattle and feeders if we are to get a better risk/reward.Continue reading

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.Continue reading

Cycle low for grains into WASDE

FOR MONDAY: (10/8) There are more cycle lows than highs this week, and we do have Thursday’s USDA report, which looks like it will come in as a cycle low. Markets are probably sales Sunday/Monday because key numbers are in and the trade may stall.Continue reading

Stocks still look higher into next week

FOR MONDAY: (6/4) Political and economic stresses make it hard to take positions home. We wonder when Deutsche Bank will bite the dust and really destroy Europe. In the meantime, stocks still look higher into next week so the short-term traders will continue to play.Continue reading