Trading Update

Published on: 18:54PM Nov 23, 2010

 Looking at the current charts, I think wheat is going to rally past my (short) entry point. I am lowering my "stop loss" to 692 basis March, against my short at 700. As long as Europe doesn't shove prices way up, that should allow my position to run if down is happening next; or, allow a small profit if we are about to see a 50¢, give or take, rally.