Posted 2/20/2008 14:11 (#314766 - in reply to #314700) Subject: Re: Convinced
Speaking for only futures, wheat is acting spongy to me...been selling the dec carefully vs. corn....& if it cannot muddle into this overhead resistance on the next bean bulge...it feels like it's ready to roll over. I understand there are now in excess of 8,000 hedge funds & while most do not trade grains....I'm afraid wheat has become a little too popular.
Convinced
