March corn down 6 1/2 : March wheat down 20: March beans down 9.
We might have one more flush down next week in the grains. November is over. Last Friday of the month. Last trading day of the month.
March corn 7.47 is 38% fib… 741 will be 1/2 way back.. Boris,: buy it there
march wheat is 30 cents off its high from 3 days ago. Looking really ugly. 864 was the 62% fib.
I am going home long on a spec. I think its over done in the wheat.
The beans I think have one more leg down, although a buy here in SH vs. 14.26 wouldn’t be terrible.
I’d see how we open Sunday night.
Might see fresh money come to work at the beginning of the month.
In general though.
December, historically, is a lousy month to trade.
Act accordingly.
That’s a bout it.
Have a good weekend.
CER