Feb

23

Ceres & Markets, by Jeff Watson

February 23, 2011 |

 With the recent price action across the board on ag futures, why would one be surprised to have a day or even a week like that? I’ve been expecting something like this for a couple of weeks and am hedged so it doesn’t matter anyways.

Much to the chagrin of most, markets can’t go up every day. Fact of the matter is that the price moves in the ags can be just as violent as any moves in the metals, but people get complacent, thinking that corn is only going to have a 3 cent range.

People from other markets getting into grains, thinking they are “easier” and making mistakes like going long corn into the crop report etc. Ceres is much like the mistress except his treatment is more like a prison rape.


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