Oh Lordy Lordy

Posted by Nogger - a legend in his own mind at 15:37 | Categorized as

30/06/11 -- It's carnage on the dance floor in Chicago this afternoon as the fund boys scramble for the exits. Limitless front month July corn opens 63 cents lower (double limit down) and then moves to 80 cents down. All other months are locked in down the daily 30 cent limit.

There's incredulity from the remaining bulls, but what they need to remember is that it was the funds that got them this high up the mountain in the first place.

Beans are around 25-35 cents lower in spillover selling, wheat is down 47-54 cents.