Global Commodity Analytics and Consulting President Mike Zuzolo says says the thin holiday trade leaves the market vulnerable to exaggerated moves, which can be seen in the spread between Minneapolis wheat and Chicago wheat going from around a 40 cent inverse a couple of weeks ago to less than one dime. “The grain markets are volatile as the volume levels decline. On a daily basis, we’re seeing spreads starting to take hold as far as end of the year positioning.”
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