The wheat run has begun!

**Klause** · Sep 30, 2012, 08:29

Run.... up? Or down? LOL!

**Kodiak** · Sep 30, 2012, 08:35

What's with the last 5 minutes thats got you freaked out? The outside down formation?

**Kodiak** · Sep 30, 2012, 08:37

Or is it the volume? Take a look at Minni. Looks different...

http://www.barchart.com/chart.php?sym=MWZ12&t=BAR&size=M&v=2&g=1&p=I:5&d=L &qb=1&style=technical&template=

**cottonpicken** · Sep 30, 2012, 08:48

I notice the spring wheat,the big boys need big
markets to move around in.

Probably one computer in one office in one fund
company that had a sell triggered on some technical
perameter.

**LWeber** · Sep 30, 2012, 09:35

http://www.cmegroup.com/daily_bulletin/preliminary_voi/VOIREPORT.pdf

Time and Sales for the last hour in the wheat pit on Friday hangs up and won't display.

You can try it yourself...

http://www.cmegroup.com/trading/agricultural/grain-and-oilseed/wheat_quotes_timeSales_globex_futures.html

**cottonpicken** · Sep 30, 2012, 11:05

Larry,do you see any weirdness?

**LWeber** · Sep 30, 2012, 11:32

That is huge volume. With corn locked up, spreading wheat may have been an option. I still cant get t and s to display for the last hour.

Happening on a Friday sucks as there are no OTC's after the close to determine nominal value.

**cottonpicken** · Sep 30, 2012, 12:19

Lol,time to sneak in an afternoon nap for tonights action.

Don't know if this has anything to do with it,if it does somebody maybe new before hand.

Basically a judge through out a position limit rules change that was going into effect oct 12.

http://www.forbes.com/sites/billsinger/2012/09/28/dramatic-federal-court-ruling-vacates-cftc-positions-limit-rule/

**Kodiak** · Sep 30, 2012, 20:17

Pretty tame price action so far tonight. (8:00PM AB time) Beans are the weakest, but when they are $16.00, a 15 cent move isn't much.

But we are at the beginning of a new month, a new quarter, and on the downside of the harvest of a small crop. Seasonally, October/November see the harvest lows put in, and the start of a post harvest rally.

What does all this mean??? Did the USDA report on Friday solidify the harvest lows? Or does Errol's Armageddon nightmare mean we should all rush to cash?

The wheat run has begun!