|
| Strong Palm Oil....Romanian fall wheat seedings -8% even in view of higher prices 2.12 mil hectares. SA weather favorable. Warm in Arg. but some moisture Sun. & Mon.
Generally speaking, in previous wild markets....there is nothing more bullish in terms of a scenario than a market with a bunch of sold out bulls now on the sidelines.
My long time friend who manages $2 B in these markets --in visiting with him this am for the first time in a month....still likes wheat & beans & continues to want to buy breaks...even though he is leaving for warmer weather until 1st week of January.
I notice my one contract of march wheat (sort of miss the package I sold, but can't look back) closed 42.5 cents off the highs. | |
|
Some Early Stuff
