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Middle Tennessee | White Shadow, You've described vividly in several posts the psychological warfare built into these price runs. Hedgers and speculators alike, we're in the cage with the tigers!
It does seem that, attempting to understand prices and fundamentals is penalized by the markets. The funds or whoever that may look only at a price trend, and are not afraid to get in on the very last inch of a move, even in the parabolic phase, have the advantage, because they're unburdened by thinking man's disease. I should try to think less.
Edited by LongKC 3/13/2014 00:15
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Made first wheat sale for fall today...Wheat from here.
