Wednesday November 30th - 5:00 PM -  

Corn - A very little bounce today but no reversal in the process.  We could see the market bounce another 5 to 7 cents on very little new just because of the relentless selling pressure that may be drying up at this level.  Buy signals are 10 cents higher and there is little reason to get signals like that anytime soon.  Remember, the next buy signal will only indicate that the lows are in and not that the market is moving higher longer term. 

Bean - Low volume continues with most waiting on news from South America.

Rice - Sideways...We will buy a good break but doubt it happens near term.

Natural Gas - Big move higher today.  What can we say but what we have been saying  ...we want to own breaks.  We need more of the Natural Gas platforms back online to curb the volatility. 

Cattle - We continue to move cash calves and lift hedges.  April was higher again today and we may see cattle inch toward the 95 cent level near term.

DOW - As we have been warning, the Dow has failed to cross 11,000 on good news.  The close under 10,850 setup a test of 10,700.  History is in favor of Dow crossing 11,000 with a strong month in December; however, history hasn't seen heating costs this high.  We covered short positions in the Dow on the break today and will look to see how the market responds tomorrow.  I want to own a break here short term but longer term, I'll probably want to sell it over the 11,000 level if we can get it and then a sell signal.

Tuesday November 29th - 2:00 PM -  

Corn - Selling remains unabated and the market's momentum is stagnant.  The shorts are pressing to see where the low end of value is for corn.  Even with the market down 5 cents the last few days, LDP's are frozen at these levels which is giving farmers a squeeze for corn unsold and not locked in.  We have done 100% and fortunately hit the high.  Now we wait for the short covering rally that will begin very soon.  I still think$1.85 is the low and anything below that starts being a gift.  If July goes under $2.15 we'll start buying 20% of our long term buy backs every penny down to  $2.10.  I doubt we get that low. 

Bean - Nothing new here with everything still favoring good crops in South America.  It is still early and I expect one scare at some point.  My guess is after January 1st.

Rice - Sideways...No change in WMP.

Natural Gas - Not much happening today.  Cold weather is going to keep usage up and if we get a much colder snap we could see the market probe a little higher.  We want to own breaks here. 

Cattle - We continue to move cash calves and lift hedges.  We are switching to April cattle for our analysis and they look very strong.  They are a little over bought but PB is only 65% so they are not that over bought.  Demand remains strong and there is not much out there to curb the demand.

DOW - The market is pausing before it steps over the 11,000 mark.  10,850 is support and if that is taken out, we could break to 10,700 easily.  Longer term, where is it going?  I still think the odds of a prolonged bull move from here is doubtful until late in the spring.

Monday November 28th - 8:00 PM -  

Corn - Selling continues as market has met all objectives and PB is below 28%.  We still think its getting close to the absolute low but we may need to get the December report out to stop the last bit of selling.   Basis is improving over most of the nation and LDP rates are working higher in relation to the futures.  Farmers are slowing the selling but they know they need to move corn before it start to get warm but that is 3 to 4 months away.  Look for a major low soon.  Then the question will be if March can hold its low.

Bean - Brazilian weather will be the main feature but its early in their season.  Its like May 28th so we have about 4 to 5 weeks before getting into the heart of their weather market.  As of now, things look OK there but we know how fast it can change.

Rice - It still looks sideways but longer term we like the market to move higher.  It may take awhile but acres are not going to hold given the current price levels.

Natural Gas - December went off the board today and settled at $11.18.  Jan may use that as a support zone near term.  I see the market more sideways and breaks are going to need to be bought if we can get a good one.

Cattle - We are moving cash calves and lifting hedges.  With Feb cattle $10.00 higher than August, the market has a big increase in supply in the market.  Feeder cattle prices don't agree and are holding very firm.  I don't see a lot of risk for the cow/calf operator over the next 4 months.

DOW -  Today's move lower setup another push to test the recent highs; however, if we try and fail, a hard correction is coming.  If tomorrow we move under 10,850, we should move down toward 10,700.  Longer term we see a nice correction here.  It is only logical that cold temps are going to hit the consumer hard the over the next four months and that will translate into earnings before the summer.

Friday November 25th - 2:00 PM -  

Corn - Market at long-term support.  If anything supportive comes out, this one will correct sharply but where is the news going to come from...South America is the only major place near term. 

Bean - Same as corn....

Rice - Market continue to work higher as technical buying enters market.  Downside is limited but we may not be able to go much higher near term.  Long term we are bullish as this price is negative planted acres.

Natural Gas - No trading today.

Cattle - Still sideways at the top for December.  We still recommend buying back as you sell cash.

DOW -  Market testing 11,000.  Look for a hard correction back to at least 10,700 very soon.

Wednesday November 23rd - 8:00 PM -  

Corn - Nothing new...wake me when its over!!!

Bean - Same as corn....

Rice - Up 19 at one time today but it didn't hold.  This appears to be more of the sideways track in the market.  We would need to take out today's high Monday to setup a test of the recent high and I don't really see what would cause that; however, there could be something surfacing we don't know.  This is a possible scenario since there are a lot of things that could affect this market over the next few months.  We'll see if there is anything that surfaces over the next week or so.  One thing I do believe, there is no real down side ability for this market at least for a major leg down.  If Brazil starts to show problems, this one will light up like a Roman candle.

Natural Gas - Cold weather and a slightly bullish inventory report put the market higher.  We see it going in a sideways range that could be fairly large as things remain tight.  We hope to buy it lower.

Cattle - Still sideways at the top for December.  We still recommend buying back as you sell cash.

DOW -  Market testing 11,000. If Friday's sales are not significant, this market is extremely vulnerable to a sell off.

Tuesday November 22nd - 2:00 PM -  

Corn - Nothing new...wake me when its over!!!

Bean - Same as corn....

Rice - WMP unchanged....have you ever seen it change during a holiday week???  Something I should research maybe!!!!  Nothing new here as we move sideways. 

Natural Gas - Market remains with downward bias but that can change in a heart beat.  We are not going to be short for anything right now but over $12.00 we would consider it.  We will be long under $10.00 in March.

Cattle - Still sideways at the top for December.  February broke hard yesterday and closed under the 9 week moving average but there was no follow through to the downside.  I just don't see us going anywhere right now.  We are short December and will stay there until we can get our cash calves moved which should be over the next 3 weeks. 

DOW -  We are through major resistance at 10,800 which means a test of 11,000.  As I said last night, "Longer term we are bearish but until we get the holiday's over, there is still hope that the market can make gains with a big Christmas.  No sell signals here yet but we may buy some bear funds once we get some." 

Monday November 21st - 2:00 PM -

Corn - Nothing new as we continue to probe for the lows.  We could drop even further if more talk of bird flu surfaces.  COT shows specs the big short here but there is no reason for them to come out.  Open interest is on the decline as is so interest in corn is very low right now.

Bean - Dry areas of South America got some rain and that has some traders talking about another leg down in beans.  $5.35 remains possible in January but it won't take much now to put the breaks on any short position in beans. 

Rice - Nothing here today either.  Market is against support and should hold the lows of October. 

Natural Gas - We have broken back to support and the market looks like it wants to go lower.  We can see weather changing this but for now, rallies should be sold as the charts are looking bearish.

Cattle - Still sideways at the top for December but the February contract broke hard today and closed under the 9 week moving average for the first time since August.  We are short December and will stay there until we can get our cash calves moved which should be over the next 3 weeks. 

DOW -  We are against major resistance at 10,800.  Longer term we are bearish but until we get the holiday's over, there is still hope that the market can make gains with a big Christmas.  No sell signals here yet but we may buy some bear funds once we get some. 

Thursday November 17th - 3:00 PM -

Corn - Further decline but the move is boring to say the least.  Additional selling likely if we close below $1.90.  I still believe we are closing in on the lows of the move and we should see some bounces over the next 2 to 3 weeks.  Farmers have sold all they have to sell and we should see the pipeline start to show some vacancy levels.  Basis continues to strengthen as LDP didn't change any even though we lost 3 cents in corn the last two days.  I still like owning futures longer-term but not right now.  July under $2.20 will be a gift and we'll take it if we can get there. (Just 2 more cents.)

Bean - The low for this move is $5.66 and we closed today at $5.79 with a hook reversal up.  Nothing to get excited about though.  Lets see if the market can bounce from here with some follow through.  Tomorrow being Friday, the market should show us the weekend selling interest.  I doubt it exists. We probably aren't going anywhere right now.  

Rice - Up a little today.  We are not going anywhere in this market right now but longer term, it will go higher.  Early surveys in Texas indicate rice acres down 50% for 2006.  We are going to see as much as a 25% drop nation wide if energy prices (we watch heating oil for diesel) stay at this level. 

Natural Gas - A close under $11.76 in gas is just plain bearish.  Yesterday's trend day higher was followed by a sideways day today until the last 30 minutes when the market gave way and fell hard.  The chart shows that the market rallied to test the gap left back on October 31st.  A close under 11.76 sets up a move to $11.00 and longer term, we may see a target of $9.50 get established.  My guess is that this will NOT happen.  I don't see the energy markets giving up that much ground so the markets will move sideways to lower and then stabilize.  I'm not willing to say at what level but I doubt its down to $9.50 for January or February.

Cattle - More selling pressure today but no real break.  $89.15 is major support and we need that level to be broken before we would think we are headed into a hard down trend.  We remain sideways at the top and 60% sold.  Cash sellers should take off hedges as they sell calves.  We expect most calves to be worked and marketed by December 15th and we are short December futures so we'll have to ride some of the delivery period or roll to February.  For now, we are sticking with December.  Remember, if your short, you don't have to worry with deliveries BUT you do have to worry about enough liquidity to get out of shorts when the time comes.

DOW -  The trend remains up and looks like we may test longer term highs around 10,800.  We'll be a seller there as I still see the Dow back under 10,400 before the middle of December and probably before December 1st. 

Tuesday November 15th - 7:00 PM -

Corn - Selling at the end took the higher day away and sets up a test of the lows.  This is to be expected.  The COT report for last week is showing open interest on the decline as shorts are coming out and the longs are in no hurry to push coverage.  As I told someone this week, if you come back here in eight weeks we will not be more than 5 cents from today's close.  We are not going anywhere.

Bean - Nothing here either.  Look for more sideways trading near term unless things change in Brazil.

Rice - Down again today and we have sell signals...a typical sideways market that has no follow through ineither direction.  I can see the market stay sideways here but no big break is coming.  Longer-term I like Jan to trade to $8.15 and the March to $8.35.

Natural Gas - Market slowing down and stabilizing.  Cold weather could have an impact in the next few weeks. 

Cattle - We remain sideways at the top.  We remain 60% sold and waiting for more technical information before making changes to that trade.  Cash sellers should take off hedges as they sell cattle over the next 5 weeks.

Monday November 14th - 2:00 PM -

Corn - Is that it????  Today's bounce didn't hold very well but then it shouldn't.  It is too early for a move higher in corn when farmers are itching to sell any overage they don't want to store longer term.  Today's action may be the beginning of a saucer type bottom which would allow for the market to move sideways to lower but in a very gradual manner.  LDP level should drop as CPP's should start to increase with additional basis levels.  We have already see the national basis improve by 5 cents from its low and I expect more increases in basis levels over the next 4 to 5 weeks.  

Bean - Beans are still higher than they should be at this point but the idea of China buying beans is keeping the Specs in the market.  They might buy more over the next few weeks but longer term we will see them start to cancel some of these orders.  They always do.  Keep an eye on Brazil's weather as that will start to be very important in a few weeks.

Rice - Hardly any trading today.  The market broke in January but there was no real selling.  I can see the market stay sideways here but no big break is coming.  Longer-term I like Jab to trade to $8.15 and the March to $8.35.

Natural Gas - Nothing new here.  We would buy breaks longer term as there is going to be some more weather scares.  Cash prices appear to be way under futures right now in the distant months.  We are going to look at that real hard for those who need gas coverage. 

Cattle - Nothing new here.  We remain sideways at the top with a good rally today.  We remain 60% sold and waiting for more technical information before making changes to that trade.  Cash sellers should take off hedges as they sell cattle over the next 5 weeks.

DOW - I still don't like the DOW past the next few weeks and the Christmas bull move.  This rally should be sold as we head into a miserable 1st and 2nd quarter of 2006. 

Friday November 11th - 6:00 PM -

Corn - I think this is the biggest up day in about 6 weeks for corn.  A whole 1 3/4 cents.  In general, I think the market is going no where but the downside potential is none for December.  March could fall to $2.00 over time but longer term I think we are putting in the lows.  The USDA chief economist has come out saying acres will not be affected next year by the higher price of fuel.  He's an economist???  Now we all know why the program is so screwed up with economist thinking like that.  Anyone want to make a bet on the acres holding if fuel stays where it is?

Bean - 10-12 cargoes of beans headed for China is the rumor and that has meal running higher and pulling beans with it.  This could last for another 2 to 3 weeks.  If there is any problems with bird flu in the news near term we could see a major turn but this rally is more than I expected and when we get a sell signal, I will take it this time.

Rice - Quiet day.  We are not changing ideas.  We see January heading for $8.00 right now with breaks needing to be bought.  Quality issues are not being talked about much yet but there is some real possibilities of premiums on good quality later in the season.

Natural Gas - The move higher today adds fuel to our ideas that break are to be bought.  Heating prices this winter are going to hit some people really hard and right now its not being a factor.  Longer term we see Gas remaining on its volatile movement and it is going to be a hard one to trade.  Right now, we will buy breaks and sellers should only sell short term. 

Cattle - Well...today's action my be telling us to sell more on any rally.  We are setting at 60% sold at a good average ($91.42) and we will monitor rallies from here to see if we should increase sales.  If you are short and you sell calves next week, take off the hedge the day after you work them. 

DOW - We are not big fans of a major rally in the DOW.  Long term we see a real slow down as the energy issues come to full light this winter.  I don't think people realize how much consumers will slow down their consumption of non-essential products when they start paying heating bills.  We'll see.

Thursday November 10th - 6:30 PM - USDA S&D Report

Corn - The report was as expected and the market opened lower and basically set there the rest of the day.  No spike or reversal so now we wait for this weekend to get over with as the final bit of corn is harvested.  I still see a bounce near term but it could come from $1.91 in the December which is just 3 cents away.  Long term we may see a saucer bottom in corn so any bounce here may be short lived.  Basis continues to strengthen as the pipeline needs some coverage.

Bean - The bean report was more bearish then corn but again, traders love to buy beans and many think anytime beans are under $6.00 they should be bought.  We don't agree.  Look for more selling in the days ahead unless something bullish comes out of South America but I think its too early for that.  Yes, we see that China is buying some beans but they won't buy that much.

Rice - Refco sold more of its fund position early today expecting the market to open firmer.  When it didn't the funds sold right into the commercial buy points which then sent the market sharply higher closing up 15 cents and 22 cent off of the lows.  The  report today was bullish and there is little reason to be selling when the USDA has the average price pegged at a level still higher than the current futures price. 

Natural Gas - The market broke hard today testing $11.00 but it finished up almost 30 cents off of its low.  For me, I'm beginning to believe that chances of this market working below $10.50 in December are very low.  If the weather turns off cold, it is going to be a long winter and frankly, I want to own natural gas over the long term.   Read our DOW comments below as well.

Cattle - Nice move today but it didn't hold.  We sold another 10% at 93.00 even today getting us to 60% sold.  We will sell another 10% at 93.50 and another 10% at 94 cents.  We will then wait to sell the final 20% on a good sell signal.  Frankly, today may have been the high. 

DOW - A strong day today but this rally almost over.  Current energy prices are off of highs and looking better except for the fact we are in that time of year when power and heat demand is at its lowest because of seasonal conditions.  In the next two weeks, the cold weather will begin to filter in and we are 30 to 60 days from the "OH MY GOSH" sound coming from households all over the north based on their heating bills.  I firmly believe that by the end of 2006 we will see GDP close to recessionary levels and the DOW will not be neat the 10,640 level of today's close.  GET OUT OF ANY FUNDS if the DOW trades over 10,700 and move to the sidelines.  Yes I might be a little early but things are not going to hold up when the energy issues hit the fan.

Thursday November 10th - 8:30 AM - USDA S&D Report

The USDA has increased production and carryover numbers higher than expected. 

Corn - the carryover number is up 90 million bushels from the last report but only 32 million bushels more than the trade expected.  That is nothing!!!  The market is called 2-3 lower but come on...not on 32 million bushels.  It has to be with the beans.

If I were short corn...I would lift all short positions IF we ever trade at unchanged on the day today.

Bean - Here they increased carryover to 350 million bushels.  That is 33 million more than the trade expected.  Lets see....the trade is off by 33 million on beans and 32 million on corn.  Corn is called 2-3 lower and beans 5-7???  Hummmm......Any body want to take a bet on this????

Rice - I think the number is bullish as they dropped carryover by 2.5 million cwt. and set the average price for rice 30 cents higher.  That fund who has been selling the last few days may be wishing they hadn't!!!  Yet again, nothing would surprise me in this market!!!!

Look for morning update here tomorrow at 8:30 AM with the new USDA WASDE report.

Wednesday November 9th - 2:30 PM -

Corn - Nothing today but more bull spreading or should I say unwinding of bear spreads.  The locals remaining their bear spreads and market the close again.  This could indicate the lows are very close and in fact, could occur tomorrow on a bearish number.  Not that we are going straight up, but a good 5 to 10 cent bounce could come after these numbers are in.

Beans - No real conviction today, the numbers will tell the tale tomorrow.

Rice - Selling all day today as either profit taking or concern that Thailand is getting ready to dump some rice, moved the market lower.  The report tomorrow may have had some impact on today's trade as well.  I look for a cut in production but then, the USDA never likes to give rice a bullish report. 

Natural Gas - Another quiet day with the market closing in the middle of its range.  We await weather and the injection report tomorrow morning.

Cattle - We have gone short another 20% of our calve sales for this fall which should be just a few weeks away.  The sideways consolidation at this top probably means cash prices will hold through our cash sales which should occur by December 10th.  We sold 30% at $90.50 and another 25% at $92.00 even.  A close over $92.50 sets up a move to $94 where we would sell another 20%.

Dow - The market has rallied back very close to resistance.  I doubt we can close over 10,800 and 10,700 will be very tough.  Last Friday's close was 10,530.  A close under there tomorrow would setup a weekly reversal so that's the number we are watching.  

Tuesday November 8th - 2:30 PM -

Corn - Corn was higher all day and finished up 1/2 cent...whoopee!!!  Actually, we saw bull spreading work all day until the close when the locals market the market back to unchanged on the spread.  That says a lot as they are obviously in the bear spread big time and that could spark a nice push on the December over March on the coming bounce.  The report is Thursday morning at 7:30 and we expect it to be bearish.  One hard push and then we'll se.  We are aware that there is corn spread all over the ground in the northern states.  We are also aware that we will have the largest demand number in history for this report.   

Beans - Quiet day as the market waits for the numbers on Thursday.  As with the corn, I expect to be bearish.  SO does the whole market so look out for a sell the rumor buy the fact type day Thursday..

Rice - WMP up 6 cents...Market still in bullish posture.  Report on Thursday to have an affect for sure. 

Natural Gas - Nothing new to talk about today.  The rally saw no real follow through so nothing has changed in our book.  The top is in and we could sell off more over the near term.  Weather and gas injection numbers are the things to watch for near term. 

Monday November 7th - 2:30 PM -

Corn - Not much to add here.  Read last Friday's comments.  I will say that with the report this week, we have increased odds to see the low come right after those numbers are released.

Beans - Down day today as the market still looks to be sideways.  As I have commented here over the last few weeks, there maybe another push lower in the beans but it won't be a huge break.  IF we don't break lower, I look for sideways action to continue. 

Rice - A nothing day.  I think we may just sit here waiting for the report numbers this week and better handle on production. 

Natural Gas - Nice reversal action today in the Gas.  I would love to see a good rally to sell.  Let's see if we can get follow through tomorrow.

Friday November 4th - 1:30 PM -

Corn - Harvest is winding down but will still be occurring for several more weeks in certain areas.  Today's selling at the close was expected as we go into the weekend.  Monday will be interesting to see just what level of harvest we are at right now.  I think the selling is about over with but there is plenty more corn to be sold so no big bounce is going to happen for a while.  I do expect a bounce over the next few days but it won't hold.  Longer term I like corn but until mid to late January, we aren't going to sustain a bull move.  It will be good just to say, "the low is in!!!", but we can't say that yet.  By the ay, the 9 week moving average is now at $2.04 and we have been below that average without testing it for over 14 weeks...at 18 weeks, we will be uncharted water.  This would indicate a rally to at least $2.02 in the next three weeks.  We'll see if that is right.

One more thing, the county LDP today is at 45 cents after being at 50 cents on Wednesday.  This is the case even though we have made new contract lows.  Obviously the market hasn't rallied 5 cents so, the basis is starting to strengthen and when you see that, it's the first sign we are looking directly at the lows in the futures contract.

Beans - Up 15 yesterday then down 10 cents today ...what can we say but that it is a net of up 5 which is better than down 5.  I doubt seriously we are going to move substantially higher near term. At the same time, I am about ready to concede that an intermediate low is in place.  Look for a range to be established for the rest of the year.   

Rice - Market sold off to the first level of support today and then bounced off of it and ended with a hook reversal up.  It still is looking good for a rally but we want to buy breaks at this level.  Harvest is winding down on rice as well and the yields are NOT good which may give us that $8.15 level in January in the next several weeks.  It may happen faster than that.

Natural Gas - Read last night...Heck read last months comments...We called the top and now the market is in that push mode where it will trade lower almost every day until it unwinds the specs.  We hit the $11.25 level today as we projected and now the market could trade a little sideways but if your long, your wrong because it certainly doesn't have to rally at all.  Fundamentally, this market could easily trade back to $10.50; however, it doesn't have to.  It is not going to be easy to trade near term.   

Cattle - Nice reversal up today and we are still hoping for a shot at that 92 cent level to get to 50% sold on winter calve sales.  Remember, in a distribution top there are a lot of reversals in both directions do today's signal may be followed by a reversal down on Monday.   Lets hope not!!!   A close over 92.50 setup 94 as the next objective.

Thursday November 3rd - 4:30 PM -

Corn - Another up day that found selling at the end.  I still think we are close to a low.  Notice that yesterday we made new lows for the move, closed lower up the CCP's were unchanged.  We may be seeing the end of the basis log jam and indeed this move down.  We would recommend locking in 50% of you LDP if you haven't already by either a lock in or paying off the loan if you did the 60 day lock in earlier.  It is just a matter of time.  If I can get a close over today's high, I'll start going long in a small way.

Beans - Big up move today.  This market is showing signs of bottoming as well but remember, the Brazilian crop is not that far away for we'll have to keep an eye on south of the equator.  Resistance is at $6.11 then $6.20 in the January.

Rice - Market held well today.  We could hold this level or test support which is about 15 cents lower.  Longer time I like it and am buying breaks.

Natural Gas - Gas was higher with a lower infusion number as we are headed into that time of year where we start the draw downs on the inventory.  The top is in and I can still see it trade to the $11.25 level.  After that...who knows????

Cattle - Market held up well today as we are still hoping for a shot at that 92 cent level to get to 50% sold on winter calve sales. 

Wednesday November 2nd - 2:30 PM -

Comment - We have lost our satellite modem in our main office so these updates may be sporadic as we await a new one which is on order.

Corn - Well, today wasn't what I wanted as the market closed in the lower portion of its range.  Yesterday's action was what I call a setup but today's action is a miss and so tomorrow we are still in waiting mode.  I wouldn't be at all surprised for a day here where we run 3 to 5 cents and for no real good reason.  We are probing for the low and the action is not showing that we have found it yet.  I expect it any day but we could drift another 5 cents lower first.

Beans - Nothing day today.  Market remains quiet and sideways.

Rice - Follow through today with the chart pointing higher indicates a buy mode for rice.  If we can come back to check for support, I would expect January to trade to $7.53 and maybe $7.48.  A move under $7.30 breaks down the bullish setup.  We are long and will buy more on breaks.

Natural Gas - Same thing as last night...."We said weeks ago that Natural Gas had topped but it was going to be hard to hang on to any shorts.  That was right on target.  I see the market down to $11.25 in December.  That doesn't mean it won't go lower its just a good target for it to hit near term."

Cattle - We closed back over 90 cents so our chances of a 92 cent selling point remains possible.  Are we distributing a top here?  (Sideways) Could be but it is too early.  If we do make that kind of a top, it will take a few weeks to finish and we should have time to add to sales.

Tuesday November 1st - 2:30 PM -

Comment - We have lost our satellite modem in our main office so these updates may be sporadic as we await a new one which is on order.

Corn - Today was interesting as we rallied and the sold off but not that far.  In fact, today may be a prelude to a strong up day in the next two days.  If there is little selling, we could bounce here by the end of week. 

Beans - Nice run up here today which continues the pattern of beans being the one that specs want to own.  That may change in the future.

Rice - We had sell signals last week but they failed and today we got several buy signals.  WMP is unchanged.  We like the market still on the long side and look for January to trade over $8.00 before the end of the year.  Tomorrow will be important since WMP was unchanged and we had buy signals today.  A lower close and we remain sideways for a while. 

Natural Gas - We said weeks ago that Natural Gas had topped but it was going to be hard to hang on to any shorts.  That was right on target.  I see the market down to $11.25 in December.  That doesn't mean it won't go lower its just a good target for it to hit near term.

Cattle - We'll...we are short 30% and can't get the next 20% sold.  I don't like the current chart as it is starting to show no more bounces here.  Tomorrow need to see a strong up day to keep our hopes alive of selling more over $90.00.