Anecdotal comment from the heartland regarding wheat. Grain elevators are piling it up on the ground around Enid and Medford because there is so much of it. Bumper crops all up and down the great plains and into Canada. Having said that, took a small long position yesterday and am watching. 8/31/16
And look, don't get me wrong, I know very well that I could be wrong and it definitely is dangerous trying to call a bottom in a mega downtrend. If I'm wrong, so be it, I'm not going to harp on it. I'm wrong a lot, but if my analysis tells me to expect a bottom, I am going to expect a bottom. 8/31/16