Thursday  29 October 2015

Sell the half-position in Dec wheat market, [513.75]

26 Oct – Buy 498.75
29 Oct – Sell 513.75

Gain = 15 cents, $750 less $15 commission per contract

The market is stalling where it failed the other day, and
back months are not showing signs of leading a rally higher,
at this point.  This could be absorption prior to continuing
higher, but with gains being hard to maintain, generally
in the markets that are bottoming, yesterday’s crude being
an exception, we will watch further developments from the

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