Spec trade: Utilize a flat stop at 504 on long wheat trade, cancel the 515 stop close.

The wheat trade melted down today on the news that China washed out on its November SRW wheat purchase. This will likely have put in a washout low, which wheat is very good at doing. Also wheat has a tendency of bottoming during the middle of the month or the beginning of any month. For this reason we will hold onto the wheat trade to try to recapture a potential bounce that has good chance to occur after the news on China.