The wheat run has begun!

[cottonpicken]

I hope,the last 5 minutes are freaky,probably a hard down tonight.

http://www.barchart.com/chart.php?sym=ZWZ12&t=BAR&size=M&v=2&g=1&p=I:5&d=L &qb=1&style=technical&template=

[Klause]

Run.... up? Or down? LOL!

[Kodiak]

What's with the last 5 minutes thats got you freaked out? The outside down formation?

[Kodiak]

Or is it the volume? Take a look at Minni. Looks different...

http://www.barchart.com/chart.php?sym=MWZ12&t=BAR&size=M&v=2&g=1&p=I:5&d=L &qb=1&style=technical&template=

[cottonpicken]

I notice the spring wheat,the big boys need big
markets to move around in.

Probably one computer in one office in one fund
company that had a sell triggered on some technical
perameter.

[LWeber]

http://www.cmegroup.com/daily_bulletin/preliminary_voi/VOIREPORT.pdf

Time and Sales for the last hour in the wheat pit on Friday hangs up and won't display.

You can try it yourself...

http://www.cmegroup.com/trading/agricultural/grain-and-oilseed/wheat_quotes_timeSales_globex_futures.html

[cottonpicken]

Larry,do you see any weirdness?

[LWeber]

That is huge volume. With corn locked up, spreading wheat may have been an option. I still cant get t and s to display for the last hour.

Happening on a Friday sucks as there are no OTC's after the close to determine nominal value.

[cottonpicken]

Lol,time to sneak in an afternoon nap for tonights action.

Don't know if this has anything to do with it,if it does somebody maybe new before hand.

Basically a judge through out a position limit rules change that was going into effect oct 12.

http://www.forbes.com/sites/billsinger/2012/09/28/dramatic-federal-court-ruling-vacates-cftc-positions-limit-rule/

[Kodiak]

Pretty tame price action so far tonight. (8:00PM AB time) Beans are the weakest, but when they are $16.00, a 15 cent move isn't much.

But we are at the beginning of a new month, a new quarter, and on the downside of the harvest of a small crop. Seasonally, October/November see the harvest lows put in, and the start of a post harvest rally.

What does all this mean??? Did the USDA report on Friday solidify the harvest lows? Or does Errol's Armageddon nightmare mean we should all rush to cash?