Gold and Wheat

Gold prints 1250, and CNBC talking heads are talking gold and wheat in the same sentence, which scares me. Usually you can fade the market when the Wall Street crowd discovers your market, but for once, they seem to be right, just 250 too late.

Wheat Update

Wheat continues to be stiff, and rallying to 730s. Beans strengthening, so HRS protein can run. If Soys print 1100, look out above. Apologies for absence, but moving web properties has constrained time.