FOR TUESDAY: (1/23) Missed fills on Monday and have to be patient for key numbers to come in. Need to complete research around cycles later in the week so will work on that the next few days. Not seeing anything exciting unless we can get key numbers fulfilled.
MARCH CHICAGO WHEAT (electronic ok)
TRADING RECOMMENDATION: Wait for morning comments.
TODAY’S COMMENTS: (1/23) Wheat also failed and should be lower for a few days. May not get up to 428 for a more ideal sale. If we wheat takes out 428, a push through 431 would accelerate the market to 440 and set up some hedging. Can’t rule a breakout but not that excited to buy near major resistance.
CYCLES OVERVIEW: Lower into Jan. 24.
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