The Wheat Corn Spread had come back 1/2 way. I am looking at buying wheat selling corn , putting the spread on looking for it to widen back scale in buying between $2.15 and $2.00. Look for a bounce back out to $2.30 to 2.45.
That is all.
I wouldn’t go hog wild on this, but I think its worth a look for a pretty speculative trade. Its dicey trying to buy a bottom, but wheat is back down within 12 cents of its recent 15 month lows.
If you are long and wrong, you have to be ready to run quickly.
CER