Wednesday, February 27, 2008

Long 1 S @ 1480.5

Results:
0 or $0 (before commissions)

I just can't believe what grains are doing. Wheat's range is $11 /b to $13, which is just crazy. I've been thinking about Wheat-Beans spread for a while, but even before I take any action (when Wheat was limit up for a while), Wheat came down really hard. I gotta call some farmers to see what they are thinking about this action.

Lately, I've been fighting against the trend, but this seems like a crazy topping action. I'll update about this later on.

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