I should add, yet another reason why I mostly trade options and futures. (options in IRAs and futures in cash accounts). I like Randy’s idea to use futures where possible for the better tax treatment and the opportunity to hit limits sale orders or make adjustments during the night.

I wouldn’t use the term “real high” confidence, mainly because I’ve seen several clean breakouts following divergent lows in several of the ag commodities this year & last year that only panned out for a relatively small rally, falling well shy of the measured or expected target, followed by another leg down to new lows. As such, I would definitely not overweight a position in WEAT & if anything, underweight it or take a starter position here which you can add to if the charts & longer-term bullish case continue to firm up.