This from an agricultural discussion thread on www.agweb.com:
'Did you hear about the Chicago bloodletting? The runup of late has been the forced liquidation of bear spreads by almost all the smart guys in the wheat pit. The rumour is that there are $15+ million losses spread out between 7-8 floor traders, all of whom clear the firm owned by the chairman of the CBOT. There was even a fistfight a few days ago. The rumor is that firm was shutdown today.'
