Wow. CME Group (or CBOT) decided to reset Wheat's limit move from 30 cents to 60 cents starting today. Guess what! In overnight session, Wheat is limit up 60 cents. It's 5 days in a row? Wheat is absolutely a panic mode now, which in fact is a very good candidate of an inverted V. I'll start looking for some day trading on short side tomorrow. If this move has been panic, a down move will be really panic!
I also start looking at some Soybeans and Wheat spread. I'll patiently wait.
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