FOR THURSDAY: (2/15) Grains should turn down. Rising crude and a falling dollar helped on Wednesday but not sure how much more help we’ll get there.
MARCH SOYBEANS (electronic ok)
TRADING RECOMMENDATION: Wait for morning comments.
TODAY’S COMMENTS: (2/15) Thursday is the best day for a move lower, with support at 1011 and 1006. Chances for 1031-2 increasing and we may buy on Thursday night. Still, have to deal with 3-day weekend and weekend forecasts so we could get nothing on Friday and a final blip up to 1032 into Monday night if weather goes awry.
CYCLES OVERVIEW: Lower into Thursday; higher into Friday.
