Market Recap 23.12.09
Wheat up marginally, corn and canola down marginally and interest in the markets is disappearing faster than Tiger's sponsors. One of the analysts claims that 'the only people who trade during the holidays are those in trouble', which is why every fundamental trader is getting his business done now. Volume is very low. The USDA have announced that the corn harvest is now 95% complete, which was the higher end of their expectations. Oman bought 45K of European wheat, all else pretty much is ho-hum. I watched my son destroy a Christmas present last night, literally within a minute of getting it out of the box. I havent seen such comprehensive carnage since Harry went on 'Hey Hey', oh the Humanity. The Aussie is now under 88, keep going! Finally some positive pricing news for us all!
Date of Publication: 23 Dec 09 8:59am ACST
Source: ABB Grain
