Wheat just went up $2 in 2 minutes!

I agree but at $.50 per penny this pig will hold 10 contracts with little or no slippage.

 

give it a minute,it will be down 100.lol i saw some fairly large bids in 1340's.some bot running amuk maybe?

 

New Wheat Daily Price Limit
Effective For Trade Date Wednesday, February 27, 2008
For trade date Wednesday, February 27, 2008, Wheat Price Limits are as follows:

CBOT Wheat and CBOT mini-sized Wheat $1.35
KCBT Wheat $1.35
MGEX Wheat $2.02 ½

 

40 bucks possible??

Sugar went from 5 cents to 50 cents or something back in the 70s. If history repeats itself, we still have lots of room to go.

But i have to admit i cant be involved because i dont have the guts.

 

It did, pulled back $.9225 but its slowing down now.

 

Agreed 100%
Just take a look at the volume for March '08 wheat ( 16,060 Electronic ) or May '08 wheat ( 54,188 Electronic ) from yesterday.

 

the computer got tired
. im surprised there arent any funds in trouble. a contrarian fund perhaps?

 

If there is an contrarian funds fading this pig there is blood on their doorsteps.

 

150k across the board Wags (July did 50k too). I would guess that's as much as Gold trades each day. Also keep in mind that the fronts were locked up limit for a while which brings volume to a stand still.

 

Feels like a top in wheat. I think he blew his load today. There isn't much that will top what happened today, I think the short side now is in much stronger hands than at the beginning of the day.
I wouldn't be surprised to see wheat weakness for the next several days.