Wheat Limit Up AGAIN (+60 cents)

http://www.cbot.com/cbot/pub/cont_detail/0,3206,1032+54701,00.html
I'm not sure they increased limit for one day or what???

 

Refer to www.cmegroup.com for more info. This is the new website for the combined CME and CBOT. It says under Products and Services Alerts that price limits will remain 60 cents.

 

Limits for wheat are now 60 cents. If two contracts in the same crop year close limit up bid or limit down offer, the limits will be increased by 50% for three days. This increase can continue for as long as contracts lock at the limits at the close.

 

I might have missed it but will someone explain to me exactly why wheat is going to the moon

 

Didn't someone do a study that said wheat was always bullish whenever there is war. Maybe Gann or Mandlebrot.

 

I think it has to do with supply and demand.
Google supply and demand and it will explain more

 

Hey, I just came across this thread not too long ago. I just wanted to say thanks for these symbols!

+-*/ Math_Wiz

 

My pleasure.

 

Thanks for the explanations, kinggyppo. Could you provide links for the above?

Thanks for the explanations, Mercor, shall try that out.