Today in our local rag, there was an article (or better still a letter to the Editor), explaining about the Australian Wheat (turn into American wheat), export into Asia.
Apparently the wheat get sold to an agent (local grain trader) at the Chicago wheat trading price. It then get loaded to a freight carrier and when the carrier is far out at sea, only then the Captain of the ship get told where the wheat is going, which most of the time, if not all of the time, is somewhere in Asia, and take note of this, "AS AMERICAN WHEAT SOLD TO ASIA".
I know that it may be irrelevant here, but I thought that it may be of interest, seeing what you wrote.
Go and figure that one out.
If you only knew what is going on behind the scene, you would be left wondering, lol.....
Buddy
AIO Price at posting:
$1.58 Sentiment: Hold Disclosure: Held
