7/18/2005

The tip on Dec wheat this AM? Hurry up, it's up seven cents today: $350 per contract. Margin will be raised very soon. I'm looking for at least $4.25 and it could go to $4.50. Each penny move equals $50. Fortunes will be made here. Last weather problem caused wheat to trade at $5.25 for four months. The way things look now, Europe will have to buy U.S. wheat. The drought there is very bad.