Grains are up today on Putin's ban on importing grains from West, strong demand of proteins and Ukraine tension. Wheat gained 2% and made some of my bear calls under water now. I am watching the change but sticking to my down trend bias for now. I bought one more put for corn and wheat and sold bear calls of Dec corn. I have 2 rollover of SB and wheat pending.
ES had a major push this morning but gave back half of it by closing. It's back in yesterday's range but hourly down channel is in place. No fill in this front but ready to take stop if we get another leg down.
News events risks are high and be on the look out.
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