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Originally Posted by ///M32G35
I was paying close attention to the IMS report as well as the jobless claims. Jobless was through the roof! Noone saw that coming, and with the IMS report coming in 0.6% higher (I believe) it was not a good day for mortgage backed securities. I've also heard that gold is likely in a bubble right now, as many other commodities are. How do you feel about wheat?
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Wheat is something i have actually been looking into for a while (not that im going to trade it..i just like to follow). I think wheat is eventually going to explode depending on what happens with corn and this whole ethanol thing. A lot of wheat farmers and other farmers are taking their crops and clearing them out in order to plant corn because the demand for corn is sky rocketing with the whole ethanol ordeal. If this continues it means we are going to start having a big shortage of wheat, which will drive the price way up. So i would say wheat would be something to possibly buy right now.
-Sean