Sunday, October 31, 2010

Wheat futures - Working the close

Looks like someone worked the close on wheat futures this past friday.

Look at the tape, in the last few minutes of trading someone dumped 15,000 contracts or ~ one-third of the days volume.

Very suspect.

I'm still long ag, specifically wheat, and, to a lesser extent, sugar. Let's see what Bernanke says about QE2 this week.

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