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.

Tuesday, May 3, 2011

Must Be Some Ugly Conditions in Kansas

July KC wheat futures strengthened on the calendar spreads and strengthened sharply on the intermarket wheat spreads. Whether this is due to worsening crop conditions in the Hard Winter wheat growing areas or just some market noise only time will tell...but it was enough to shake me out.

Will take a fresh look at the whole grain market in the morning.

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