I Close My Wheat Trade

I closed my December Wheat trade at 478 today.  I continue to monitor the state of the markets and make adjustments in accord with economic developments.

Bumper Crop

On September 5, 2014, I sold my position in Priceline because I didn't like the way the chart was looking.

Yesterday, September 11, 2014, the USDA released its monthly report on World Agricultural Supply and Demand Estimates.  The report was bearish for the grain markets.  As a result I decided to take a short position in December Wheat Futures, even though it is late in the move. I think wheat may go lower to $4.50.

WASDE Report Here

Draghi Moves Markets with Rate Cut, etc. Euro falls below $1.30

Your dollar buys 1.5% more German automobiles today than it did yesterday.

Read More Here

Supply and Demand--Soybeans and Corn prices lower

Story in today's Investors Business Daily