Wheat just went up $2 in 2 minutes!

Well what do you expect when the inflation watch dog the fed says they don't care.

WALL STREET GETS A PASS, THE CONSUMER GETS THE SHAFT

 

thursday will be 60 pt lmt? should be interesting

 

It was $1.35 today. Should be $1.9750 Thursday.

 

anyone willing to post an intraday graph of the moves? I don't have access to those charts

 

Here ya go.......:eek:

 

Limits will still be $1.35 Thursday.

 

thanx. i re-read it. 3 days then it reverts

 

Wow that is a moonshot. So what is your outlook profitlogic, congrats on your trade.

 

Here's another look.

http://www.elitetrader.com/vb/showthread.php?s=&postid=1809758#post1809758


As far as tomorrow . . . I'm waiting to see what the overnight brings. I'll be watching on reopen tonight.

 

Anyone have the balls to short wheat tonight? I think the run in the near term is finished. Looks like the weak hands have panicked out of their short wheat positions today. The question is will funds come in to buy weakness, that is the only variable. Wheat is very richly priced compared to corn. If they don't come in to buy the weakness, could see a sharp break.