It will be interesting if someone can tell us how many dollars it would have taken to move the market like it moved. I would think if it was only 25 or 50 million then there would be a lot of investors or firms that could move the market like that. If it is only 25 million it would not be hard to get a few farmers together to make a market move like that. I was at a national CHS meeting in about Jan of 2007 or 2008 when the market was having a lot of limit moves and I think they said that on one day they had a margin call of close to 50 million that was on hedged positions. I would think if you can get one firm to have a 50 million dollar margin call it would take a lot of 50 million dollar investments to move the market in a single day. My memory is not good so I sure hope that 50 million figure is right. |