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Spring wheat front month
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vailcat
Posted 1/7/2016 13:28 (#5018520)
Subject: Spring wheat front month


NCND
We are basically at support that goes to about 2006. Give or take 20 cents. 9/7/09 we hit 465 and closed at 475. Before that it was 3/26/07 at 4.64 and close 494. Today we hit 4866 Low from my birthday(8/31 for you gift buyers) was 4846. See where week closes but if we go can stay above that 4846 area on the close maybe we make a run up here. If we dont I suppose we could go test the 2009 low at 465. Be mega support there I'd think. Stick a stop around 455 to give it a little intraday room.

If you want to get long I'd try from 468. I don't usually get long so Im sticking it down there ways. I'm a farmer so im long ag the way it is hence very rarely do I go long on stuff I grow.

FWIW
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