Wednesday, May 11, 2011
(click on images to enlarge)
The stock market fell. Oil fell. Corn, wheat, soybean futures fell. The dollar is up. Is there a pattern?
No surprise that butter futures fell, the limit, a nickel. No surprise that Class III milk futures fell. But, look above at the Commodity Futures Trading Commission (CFTC) "Commitment of Traders" report. Look at how few players participate. Then ask why "non-commercial" players should even be there.
Don't worry though. These are really smart people who know more than the mere mortal.