dap sales at $474, page-6

Stewart Thomson is always an interesting read. Doesn't hold back with his disdain for over-leveraged traders, and I think he is on the money in regards to agricultural commodities as well as the precious metals markets.

Love this:

"You may be surprised to learn that the banksters are net long the wheat market. You shouldn't be. Professionals buy weakness, they don't call bottoms, and the banksters are the ultimate professionals in their market actions. Below is a look at the wheat chart. I bought into the lows, on the day of the extreme low. I'm prepared to buy all the way to zero. If the price of food goes to zero, it's because: There isn't any.

The banksters are net long 50,000 contracts of wheat, wheat they bought in the discomfort zone, the zone of price weakness. Now we're getting some very very positive technical signs. Are You Prepared, now, for upside price action, yes or no? I am. Prepared to ring the cash register!"

Thanks for the link HotRods