Roll Up, Roll Up

Posted by Nogger - a legend in his own mind at 12:42 | Categorized as

28/03/12 -- On this day in 2011 front month London wheat closed at GBP200.50/tonne. Exactly one year previously it was GBP98.50/tonne. So I guess you could say that for anyone with wheat still left to sell in the UK your glass is around three-quarters full currently.

I read this morning that corn has hit a limit (but maybe not necessarily closed there) move in six of the last seven years on the day of the March planting intentions/stocks report. Last year it was limit up.

I also read that the spec funds sitting on a record long position in soybeans have a "bullet proof" mentality about being long.

Red or black, what do you fancy?