Recent content by Matt12

  1. M

    Cornering in Minneapolis Wheat Market?

    look at open interest: down over 2000 contracts yesterday and prices goes on climbing! It' s one of the most incredible short squeeze of the history!
  2. M

    Cornering in Minneapolis Wheat Market?

    I was not exactly short. I was into a calendar spread between march and july, and stopped fortunately with a few point of loss three weeks ago another athypical spread between Chicago March and Minneapolis March. I opened the thread not to dubitate of grains bull market, but to understand what...
  3. M

    Cornering in Minneapolis Wheat Market?

    thank u. I' m quite happy to have saved my back despite of the loss. I decided to close everything after reading Allendale's Friday commentary http://www.mgex.com/documents/2.12.08.pdf in fact it semms like that there is a sort of bottleneck in production not only a heavy funds...
  4. M

    Cornering in Minneapolis Wheat Market?

    well closed down all my calendar spread positions yesterday with 8000$ loss each contract. Now I am not in conflict of interests anymore.... But the question is always the same: what the hell is gonna happening on minneapolis wheat:eek: :eek: :eek: ?
  5. M

    Cornering in Minneapolis Wheat Market?

    In Italy we consider DeCecco a lot better than Barilla, if we are talking about industrial pasta:) If you can purchase it, buy Gragnano custom made pasta, it's the best. About the other answer: 1) Yes, this is the role of commercials by the way. But if you look at COT, you can see that when...
  6. M

    Cornering in Minneapolis Wheat Market?

    1000 contracts each are not so many if we speak about Chicago, or if we speak about markets without the out-of-date crap rule of limit prices. Maybe it had some sense when wheat prices were under 6 $,but it was months that limit prices were completely unappropriate. 30 c were too low compared...
  7. M

    Cornering in Minneapolis Wheat Market?

    You are right. In 1980 too there were huge inflaction fears..there are no doubts about fundamentals, they are extremely strong on grains and almost all commodities ( except for the ones most related to the economic cycle like lumber ). IMHO we are going to stagflation, with massive credit...
  8. M

    Cornering in Minneapolis Wheat Market?

    Thank u for answeing. I agree with points 2,3, and 4. But if you look at last few weeks' COT, when the raging bull market has spreaded the most power, you can see commercials who sells to large speculators, small speculators getting caught short and open interest falling down. And, by the...
  9. M

    Cornering in Minneapolis Wheat Market?

    Hi to everybody:cool: I'm italian so excuse me for my bad english. I'm losing a relevant amount of money in calendar spreads on minneapolis w.:mad: Well fundamentals are strong, supply is tight, etc etc, losing is a part of the game and I'm a fool because I didn't use stop loss. Forget...
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