Posted by: usset001 | December 3, 2008

Minneapolis Sep’09 contract: LOC lows!

wheatfieldIt is hard to believe that a Sep’09 wheat market that touched the $12 mark in March could set a life-of-contract low less than 9 months later. The contract first opened for trade 14 months ago, in the area of $6.10. Tonight it closed at $6.035. It’s a half-price sale!

Can this dead cat bounce?


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