DISCLAIMER: THERE IS A POSSIBILITY THAT I COULD BE WRONG.

Minneapolis Grain Exchange seats are cheap. Everyone should buy one...and then buy one for a friend.

Thursday, November 4, 2010

Liquidated Everything

Out of all calendar spreads, intermarket wheat spreads, ethanol and oats vs corn...everything.

All gone in the first half hour.

Most of my strategies are predicated on selling futures contracts that are the most popular with commodity indexers and speculators: nearby CBOT Wheat and Corn. But the Fed's QE2 policy is drawing more money into the funds that pump up the commodity indexes and supplying more firepower to speculators. For a little while, I will wait and see what happens.

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