All three of the grains I trade (corn, wheat, soybeans) have now hit lock limit up today. Trading has halted, possibly until this evening, or until enough sellers step in to fill the demand. This often happens as farmers with grain in storage decide to take advantage of the high prices and sell some of that stored grain. Good for them! They deserve the windfall! They work hard to provide the rest of us with food on our tables! What an unbelievable trading day.
Folks, prepare to pay more... at the grocery store!
Wednesday, February 6, 2008
Corn touches lock limit too!
Labels:
corn,
lock limit,
soybeans,
wheat