Bearish wheat. Corn hangs in early. Beans should be supported.
Wheat looks vulnerable making new 5-month lows.
There’s another 50 cent downside risk in wheat.
In the Dow futures, we are 35 ticks away from the November 7th– 2-month high at 13,252. I’d scale in sell as we approach that level and the the 13,316 high. That’s a 70 point band of resistance that I want to be short against.
CER
7:45AM