Tuesday, April 1, 2008

Soybeans Just Go Higher and Higher

Never would I have imagined that this trade would have gone this far or been this profitable. Rarely does a single trade go this far. Corn is setting new records today also, while wheat is sagging. I have no explanation for it, especially on a day when the US Dollar has strengthened substantially. Perhaps it's a speculative feeding frenzy, in which case prices could plummet just as fast (I hope they do, so I can go short at that point). But really -- does the reason or cause ultimately matter? Nope! The only thing that really matters to me is that it's happening. The fundamentals are irrelevant.

Great day! Unless you're short!