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central ontario | Was going to post that the Feb time frame needs to be watched for some topping action,but we have moved that time frame forward it seems.
Yesterday we hit res at the 5.90 1st res and then there is the 5.94 high on the March contract that was the high in June of 2016.
With the added players taking positions in ALL MARKETS we are seeing the volatility creep back in,MN being a small market that gets effected more so from a liquidity stand point,along with the oat market,when these players want to take profits prices will move very quickly along with the cash prices being offered,the pullback from res yesterday was approaching the down .24 from the 5.90 res.
The trend is still up for MN along with most grains are in this up mode also.
Good Luck
Edited by Andre54 1/18/2017 06:40
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MN wheat hits sell stops Tuesday
