We have trade today, Tuesday. My guess is that Wednesday will be light and choppy and Friday could be the lightest trading volume day of the year. Because of that, I’d maintain a long bias, but I’d be trading very very small.
Traditionally, Wednesday and Friday are bullish for commodities. I’d look for that traditional bias.
Buy dips. Sell Rallies.
Fundamentally, the condition report of US wheat dropped lower again yesterday. At some point, the condition of this wheat crop will become a national news story. The time to be a selective buyer is today.
That’s about all.
CER