Marking Time in Wheat

Didn't trade. Stopped watching the market around 11:15 in NY. Glanced at the final 15 minutes.

Spent some time mulling over how the MGEX seats are the same price as the first half of 2009. I assume the Exchange real estate operations are struggling-perhaps worse than the overall Minneapolis commercial market. But as CME shares move back toward $300 and ICE shares push toward $120 (if ICE liked Winnipeg, they should love MGEX), these seats seem very cheap. I think we are only about a month away from the KCBT setting their dividend for the year--over $20K/seat last year. Over a 5% yield on the $390K last trade. Now if only the MGEX had a $5K annual dividend....