We have sold off over 20% in the past 3 days. I think a bounce is likely.
There is major support at 2700. 3000 should also provide some psychological support but 2700 is better.
Long term we have room to reach 2000 again. But I don't think it will happen for a few months, and possibly not at all.
Keep it simple, don't over analyze. China news is a rumor, not an...
Technical long setup.
QE4 will give credence to sell USD and buy anything that is "cheap" on a relative basis.
Wheat is definitely getting into that "cheap" area, especially if you consider historically where it has been.
