This Friday we have a USDA ending stocks report.
I’d look for a sell off here in the next 3 days to take advantage of any forced liquidation. In the Beans, look to buy at $15.81 with stops and then at $15.17.
If we get a nice break in CZ down to 5.70 area, I’d like to buy it there as well.
Chicago December wheat will break in concert with corn. I’d be interested in buying wheat at the 8.50 level.
That’s about all for today.
Keep looking for a break to buy if Crude keeps breaking as well. We’ve broken down 7 bucks off the high.
I like buying dips down to the 90.00 level with protective sell stops.
CER