Mike O’Dea Wheat Comments, 11/17/2015

Tuesday, November 17, 2015

Still the only real thing I have to look at from a technical view $4.75 will get it done –

Keep in mind that w the move in the calendars now w WZ/H and MWZ/H collapsing if they go off close to where they are at today you they will not leave much of a gap on the weekly charts more than likely but KC will still have one, the KWZ/H has firmed up but I see little reason for it not to go off at a significant carry thus it will leave a gap that will need to be filled, the beauty of carry markets.  I was reminded the last couple of days by a customer it’s still a simple game, supply and demand, don’t complicate it.


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