RayJenkins - 9/2/2017 16:28

if you do not think there is risk premium in the market, watch the market reaction on the morning after the event

back in 1992 or so, we watched a freeze event come much farther south in W/SW Iowa than was expected

market reaction: down 22 cents on beans

same thing happened the next night

market reaction: down another 20 cents

be careful thinking "they" are not paying attention