Wheat price were moving up a dollar or down a dollar consistency in the November-February timeframe.
Our volatility has increased dramatically, the market rallied from 8 up to 12.59, that was a 4.50 rally in a short period of time and then the market fell $2.32, then we rallied a $1.30 in the last few days and now the market closed limit down today.
We expect more of this extremely volatile trade in the wheat market going forward.
Anything down towards or in the lower $10 range is likely a buy area and we would not rule out the market challenging the period highs at some point as me move through the winter/springtime.