Not before support will have been formed and broken. In other words, I wouldn't want to try to "fade the move". Last April, if you remember, I declared to myself that oats moved up too far too fast, and I shorted it. Got burned. And that market exhibited nowhere near the power of the recent wheat markets. Besides, there are what seem to be somewhat valid fundamental reasons for wheat's recent rise in price. Also, I no longer presume to be able to predict when a move in a commodity has gone too far in one direction or the other.