Traders Watching PNW Cash Bids

Tommy Grisafi, a risk management advisor with Advance Trading Inc., is watching cash bids at the Pacific Northwest for signs of demand. Grisafi says this is a secret market for traders. “It’s not something that’s as easy to see as pulling up a quote screen and seeing the board of trade futures and options,” Grisafi explains. “The grain is flowing a little bit west, keeping markets at a decent level from a cash perspective in the Red River Valley.”