FOR FRIDAY: (1/26) Trump talked the dollar back up but will it last? If it does, grains have little reason to stay higher if SA weather finds some rain. Friday looks higher. Trade also waiting on the COF for Friday.
MARCH CHICAGO WHEAT (electronic ok)
TRADING RECOMMENDATION: Wait for morning comments.
TODAY’S COMMENTS: (1/26) It pays to sell key numbers. Wheat stalled under 440 and had a sharp reversal. Not thinking that 440-42 will come out and we should be selling. Cycles had pointed higher on Friday so we’ll see what develops.
CYCLES OVERVIEW: Higher into Friday; lower into Jan. 31.
