Replies to post #4692 on Commodity Futures Trading

[Pro-Life]

Wheat... LMAO... Lock Limit Up: Wheat Soars Most On Record After Freak Snowstorm Blankets Midwest by Tyler Durden May 1, 2017 5:29 PM

http://www.zerohedge.com/news/2017-05-01/wheat-soars-most-record-after-freak-snowstorm-blanket-midwest

It has yet to be seen if this weekend's freak winter storm is the catalyst that unleashes Muir's long-running bet on a surge in wheat prices, a move which would have a dramatic impact on the Fed's stated intentions to tighten monetary conditions as a surge in food prices would lead to a lot of unhappy Americans. However, as of Monday's close, it is reasonable to say that what until just 48 hours ago may have been the "last remaining cheap asset" just got substantially more expensive.