All contracts out all the way to March 09 where up the raised limit (90 cents) today, and the May 09 contract came close being up 88. Minneapolis May is up $1.35 to $18.43. Amazing.
We need gov't controls. The free market system is collapsing. Canned goods now. It's your only chance
Nah.. they would just screw it up even more. Like HRC saying the govt needs to artificially freeze interest rates for 5 years to fix the housing bubble and stem foreclosures. Govt tinkering just makes any problem last at least twice as long. Let the free market battle it out.. Hopefully it will settle down. This Limit Up in the afternoon and Limit Down over night business is wild.
May eWheat from 7:30 pm EST, last night till now is a change of $2.0950. I took a real chance last night getting short about 9 pm but did great with a $12.5500 fill. I don't normally watch in the evenings but Idol was good last night . . .
Holy Sheet. I've seen it all now. Wheat just rallied 220 Points in a 5 minute bar !!!!! Not in it but man, I can't figure out this market. 10 grand a contract in 5 minutes? I know the markets are efficient and all but there is no way some consumer realized "I need wheat!" and pushed the market up THAT much. This is speculators taking turns kicking each other in the nuts.