Goodbye-petro-dollar Hello agri-dollar

[BrookfieldTwp]

The new world standard ?

http://www.zerohedge.com/news/2012-11-24/goodbye-petrodollar-hello-agri-dollar

[c-x-1]

big up days in beans and wheat tomorrow.

[Shaggy98]

c-x-1 are predicting or wishing?

[giolucas]

Do tell cx1. I am wishing. Open interest has not been increasing. People taking short term profits.

[c-x-1]

i beleive the decrease in OI in both is commercial short covering.

beans are @ important pivot point for sure. my elliot count has @ least 1 more impulse up before bigger (timeframe-wise) corrective wave.

wheat(Z) has no significant chart resistance till 925-932

then the fundamental story continues to build.

so, perhaps i'm blind, but it's what i'm seeing rather than predicting or wishing. but i better wish, as well, on second thought because i might be fired from job if i'm wrong.

thx.

[sw363535]

thanks cx-1

[c-x-1]

i hope i can say you're welcome, sw! would you say you concur, as well?..or see similar thing?

thx,

c-x-1

[giolucas]

Cx1,

Don't worry about your job, I am going to win the Powerball tonight and then we can open up our own trading company.  We will hire some of the best analysts on  Agriculture.com and pay them handsomely.  Also we will have a great relaxing environment like The Chicago Research Trading Company did awhile ago.  In addition, we will have all the grain brokers around the world in our pockets to tell us what is going on internationally.  Finally, we will infiltrate the big companies Bunge, ADM, Cargill......with our own employees and have them give us some tips.  Forget it.  that is illegal.

Just make sure this market is going up 🙂 

[c-x-1]

sounds like you have a crystal ball giolucas!

powerball, ey? for Texas it says the cash option is 360.2 MM - that's way more than the spec limit for soybeans. you think you could get a hedge exemption to place  5000+ lot orders to REALLY move the market, when you win, that is?

what do you know, beans are holding better than the wheat (so far) tonight.

[giolucas]

Cx1,

wait till the Chinese and European traders do what they want with the night trading, then we will talk.  Could you imagine that much money $360 Million in one nice check.  That my friend is serious money.  Yeah looks like soybeans are holding up but lets see around 3:30 a.m.