On today's pullback in the wheat market, we saw the Dec MGEX contract trading back up to the 47 cent premium level vs the CBOT. While I don't see this as overpriced at all, it does seem that there has been pressure on that premium as the grain markets have rallied over the past couple of weeks...so I went to flat.
Bids have come into the MGEX membership market, with 2 bids coming in over the past 2 days at levels above the last sale. One of those was mine. Don't know if this is related to the Board election results--though it is unusual for an incumbent not to be re-elected to most boards.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment