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WTF?

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  • cottonpicken
    Senior Member
    • Apr 2006
    • 6993
    #1

    WTF?

    Crazy day with a late day turn around spring wheat dipped to 13.19 and then made a run up to 13.73!

    We have completely blowin through the 12 and 13 dollar levels!
    Tags: None
    • melvill
      Senior Member
      • Oct 2000
      • 1054
      #2
      Mind you, remember this is the MGEX March contract that had those big swings ending limit up. May was up only 24.4 cents and July, Sep and Dec were all down anywhere from 18 to 24 cents. When the nearby is at a huge premium to the deferreds, you have to be suspicioius that there are buyers struggling for immediate product not new world-wide shortages.

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        • cottonpicken
          Senior Member
          • Apr 2006
          • 6993
          #3
          Could it be?
          http://www.tradingreview.com/sugar74.html

          NAWWW!

            Comment

            • bgmb
              Senior Member
              • Jan 2007
              • 1645
              #4
              old crop short positions are buying back and rolling short positions into new crop.

              just a theory.

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