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Possibly, although nearby I think it will be fairly modest gains for Chicago. Stability at these levels likely for some time.
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This gives another perspective. It's the continuous monthly chart for Chicago Wheat.
The saucer that has been developing since 2012 is textbook perfect. The measured move higher is tied to how long it took to build the base, significantly higher in this case.
It appears poised to leg up anytime now from a technical point of view.
With Minneapolis having a much more bullish setup than Chicago, such a formation suggests significantly higher moves lie.
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