HUGE GAP open today..wheat, corn, soybeans

Discussion in 'Commodity Futures' started by increasenow, Feb 19, 2008.

  1. amazing short opportunity was presented...anyone get in on it?
  2. Brandonf

    Brandonf ET Sponsor

    You do realize that for the first time ever the United States is having to IMPORT wheat to meet our own basic food demand?
  3. I saw the same opportunity on the hourly charts - but we are in a serious bull run and i would prefer to only trade with the trend. I waited until it retracted a bit and got in on the long side.
  4. tns4774


    If you have been following the grains for the past few weeks, you know those weren't "huge" gaps by any means...
  5. do you see all in a BULL run...meaning wheat, corn, soybeans
  6. i would be very wary about shorting any ag product right now t oo much risk. Buy some put of the money lottery pick puts? you might hit one, other than that if you wanna be short spread it man. Carry trades etc etc.
  7. are you serious???
  8. mnkc


    I dont know where you got that information. U.S. projected exoprts for wheat this year is already 30% above previous years quantities.