Of Note

After a hefty 4,413 contracts of September CBOT wheat were put up for delivery on first notice day on Tuesday, there were a further 3,704 deliveries posted yesterday.

America's clean sweep in yesterday's Egyptian hard wheat tender wasn't exactly in the face of stiff opposition from Canada, Australia or Germany. There were no bids submitted for any of these other origins.

Have you ever played Monopoly when one person sitting round the board has all the money and houses and hotels everywhere?