The 14 month low at 11.62 1/2 came on August 7th. That’s 5 days ago. We have now rallied 95 1/2 cents from that low.
Upside looks like 12.75 to a re-test of the 12.93 high. This is the early frost/ its too dry/ we’re all short in the hole/ exports were good rally.
If you are a producer, I’d sell into it.
If you are a speculator, I’d stand back or sell into anything close to 12.75 with tight stops.
CER