So far, wheat, corn and beans are only up a nickle. Not a very powerful rally in the wake of announcement that Egypt bought US Wheat. What does this mean?
I am not really sure. I would have thought we would have been 15 to 20 higher.
What to do?
Take your profits, raise your sell stops on any longs and sit tight. We might get busier around 3 AM. I will be sleeping letting my stops do the work.
I just thought we would have been a lot higher. Un like a lot of people, I don’t hesitate to say I was wrong. We were higher, just not as sharply higher as I had thought. Still, a nickle on a 5 lot is $1,250.00 profit.Better than getting poked in the eye w/ a sharp stick.
CER