grains- corn played macro lines of 3.48 and 353.75. Wheat KC did similar 447 456 as ranges are going to heat up into weeks end is my call. Wheat shorts feel stuck to me.
Beans hit 9.58.25 at today’s low of day. Do we trade 989 before we break? Is this the driest finish in soybeans ever? CHICAGO had 7 days in a row of all time ever high’s in September. I cannot ever recall in my 35 years of trading beans and being a weather fan, this ever being the case. That will not be in this USDA. A few charts below.
I’m thinking central Midwest, like around Chicago farmland. Let’s put this one in the calendar for later?
Wheat- We may see some short covering into month end is where I see risk surprise.
Feeders- they try to rally. Watch recent highs, like last two days for a play now.
Dec Cattle- 149.90 macro TL held but today’s high is kind of important to me. 115.50 under and much under that could spill lower in liquidation.