weekend grain comment 1-10-16 *LINK*

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1-10-16

DREAMING...... Powerball 1.3 billion dollars

Weekly Changes

CH-1.75 cents CZ-unchange WH+8.50 SH+1 SX-4.25

SMH+$3.20 BOH-111pts. DOW-1063 Crude Oil-$3.90

US Dollar-14

The grains held up during the week from short covering players.
Marco news was bearish. With the late sell off Friday afternoon for
the Dow, China should be lower tonight (Sunday).

USDA report on the 12th Tuesday=Volatility
IMHO I think we have the makings of a Jan. low off of the report.
Boat is over flowing with BEARS.

Weekly Corn
Support 445.25-335

Monthly Corn
Support 341.75-334.50

Dec. corn has support 375 and 372 and 367

Cattle Market
INSANE
Feb. cattle should trade into the low gap (130.02-124.75) and then there
is a higher gap at (139.35-139.65).
Questions are HOW do we get there and which gap does the market go to first?

Scott Capinegro

http://www.barringtoncommodities.com

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