Commodity, Futures, Forex and Everything in Between

to answer your question

YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.

I have been asked to follow up on my wheat comment/ideas of 29 December. I still like the idea of being bear spread, long July short March at least into the winter wheat seedings report on the 12th. Trade guesses suggest SRW acres could be off 650,000 from the previous year. As far as being long the July flat price; we dodged a bullet on Tuesday when the flat price traded through our stop but failed to close through it. That's why I prefer closing stops. If we get a friendly acreage report I would be willing to accept profits against the $3.50 level, otherwise I would use closing stops below $3.10.

posted by Tom Fritz @ 1:54 PM