Wheat opens limit up again!

Wheat was limit up at the open today, with no trading at all so far. It looks as though it will stay that way, so I’m going to bed!

The last few days are frustrating in that they have not provided income earning opportunities, but it will not last.  At times like this it is important to maintain your discipline. There could be a few more limit up days yet.

The MGE (Minneapolis Grain Exchange) is going to lift the limit on its wheat contracts from 30 to 40 cents per day starting February 12. That’s a great idea and it is to be hoped Chicago follows their example.

Comments are closed.