Talked to a friend over the weekend who is a member and in the Pit at the Minneapolis Grain Exchange. He said that the "synthetic price" (That is a maneuver which involves using options to trade outside the normal daily limits.) was over $21.00/bu. Friday, for the March contract. He is of the opinion (But one never really knows.) that the Canadian Wheat Board and the commercials are short. My expectation is that some big players will get hurt. Please do not make any financial decisions based on what is said above.
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Today's Featured Article - Good As New - by Bill Goodwin. In the summer of 1995, my father, Russ Goodwin, and I acquired the 1945 Farmall B that my grandfather used as an overseer on a farm in Waynesboro, Georgia. After my grandfather’s death in 1955, J.P. Rollins, son of the landowner, used the tractor. In the winter 1985, while in his possession the engine block cracked and was unrepairable. He had told my father
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