When Do You Enter A Trade?  What are your rules to initiate a trade on the long or short side of the commodity market? I have been asked this question many times throughout my career and my opinion is simply to buy on a 20-25 day high breakout in price on a closing basis only or sell on a 20-25 day low breakout to the downside also on a closing basis.

Grain Futures-- The grain futures today were mixed with July wheat up $.16 to currently trade at 6.81 a bushel down about 20 cents for the week an incredibly volatile last week for wheat prices while corn futures which have been absolutely crushed this week were unchanged in the July contract currently at 5.75 and breaking new lows today in an incredibly volatile and choppy market which actually hit a high of 6.41 on Monday’s trading session.

 Cotton Futures-- Cotton futures are down once again today lower by 20 points trading right around 70.45 a bale in the July contract finishing down about 600 points during the trading week hitting another fresh two year low on record supplies coming in the market with very little overseas demand at this point.

 Milk Futures--- Milk futures today continue their bullish momentum to the upside higher by another 30 points currently trading at 16.40 with a high in the intraday at 16.50 which is an eight week high in prices while just three weeks ago traders and dairy farmers were shaking their heads wondering how low prices are going and instead now they're wondering how high are prices going.