11-01-2011 08:38 AM
Hard to describe the events of the last 5 days. Europhoria turns to Europhobia.
MF Global may have some commingling issues.
Greece suddenly wants a referendum on the 'bailout' package.
And once again, grain fundamentals will take a backseat to headlines. This is getting pretty old, pretty fast.
Corn and wheat are 10 to 15 lower. Beans 20 to 25 lower. Here we go again. I don't even know what to say.