FOR WEDNESDAY: (10/3) Grains look mostly higher into Friday but beans could dip on Thursday. Have to favor long cattle and not sure what to do with hogs.
DEC CHICAGO WHEAT
TRADING RECOMMENDATION: Wait for morning comments.
TODAY’S COMMENTS: (10/3) Our first exit target came in before the market exploded. Resistance at 530 with pullbacks on Thursday holding 517.50. Not sure what to do here and will leave it alone. We did have cycle highs into Friday.
CYCLES OVERVIEW: Higher Wednesday; topping early Thursday; mostly higher Friday.