firecracker market volatility ahead

[errolanderson]

This week's rocket ride in grain prices may be a warm-up act for the price volatility straight ahead. Two big USDA reports tomorrow morning. Plus Midwest weather is starting to resemble 1988.

New and old crop cash barley is again heating up. Low Stats Can acreage for barley suggests a snug feed market into 2013 which is tough for our livestock sector. The export barley market isn't even close to our domestic feed market in value.

All futures positions whether long or short may be challenged on possible fast-paced price swings. If this Midwest weather market remains the Real McCoy, futures will get excessively volatile.

Hang on . . . it'll be a ride.

[BreadWinner]

The sky is the limit. Not enough food to feed the world. Just wait for that on the new wire in a few months. Cancel those target contracts and wait for the big bucks because it is coming just like I said. $20 canola $15 wheat,and $6 oats. Oh and that basis will fall because they will all be fighting for your grain.

[agstar77]

I guess we are near the top now that everybody is a bull,or at least full of it.