Saturday, December 26, 2009
Price Signs Not Evident
(click on image to enlarge)
This week block Cheddar fell considerably, as did futures. The Commodity Futures Trading Commission publishes the "Commitment of Traders" (COT) report.
The most recent COT with data collected last week shows more milk committed to "long" positions.
Still my guess is that someone had futures positions which needed to be rescued.