Oil been flying high on $20/ bu equivalent times, still at $12, way to bloated, too much waste to trim away from oil business chain. Watch the "market" work on someone else for a change. "Market" is always right.
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I put an order in this morning for HDO, for 10 cents over close. Should have done it at market, could have been a quick 15%. This is fun, light December volume could lead to some pretty volatile days for the next couple of weeks. Made a good buck in 2009 on the yo-yo that happened at Christmas as oil bounced off 29.
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Looks like European grains down today. Wheat, ****, and corn.
Maybe they were closed by the time the announcement took place?
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