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.

Friday, January 21, 2011

It's the Hard Knock Life..Shorting Corn

Ok, I need to forget ethanol/corn for a while...maybe until crude is over $110/bbl and people will pay up to burn anything. I'm out of that, but holding on to oats vs corn, for now anyway.

New planting estimates seemed to have had an impact on the calendar spreads with new crop wheat looking scarcer. Calendar spreads scraped themselves off the floor, but not much impact at the very front- March/May.

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